We’ve seen some positive activity in the housing market at the beginning of the year, and we’re seeing this continue as we head into the Spring months. This month, prices of properties coming to market have risen by 1.5% on average nationally, to £368,118 – considerably higher than the usual March rise of 1.0%. It’s also the biggest month-on-month increase we’ve seen in 10 months. Price changes can be a good indicator of how confident sellers are feeling when they put their homes on the market. Muted activity levels and lots of sustained monthly asking price falls can be an indicator of a slower property market, as new sellers may feel they need to lower their asking prices to achieve a sale, particularly when there’s a smaller pool of buyers.
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