Maldon Property Market Update - March 2022
As we enter the final stages of March, lets take a look to see what is happening in the local Maldon housing market.
2022 - The Best Ever Spring Sellers Market
Rightmove March Market Update
We start this months market update by looking at findings by the UK's largest property portal, rightmove.co.uk. Below we outline the main points from their latest market update.
- The average monthly asking price rise is the largest seen at this time of year since March 2004, pushing the annual rate of increase to 10.4% with all regions and countries except London and Scotland now up over 10% annually.
- For those looking to move this year this is the best ever spring sellers' market.
- We enter the spring selling season with the biggest mismatch between supply and demand for this time of year ever measured by Rightmove, with more than twice as many buyers as sellers.
- The chance of finding a buyer in the first week is highest ever, and twice as likely compared to the same period in 2019.
- Rightmove predict a less frothy market in the second half of the year, as economic headwinds lead to a more evenly balanced market, though demand will still outstrip supply.
Maldon Market Trends in March 2022
Now lets take a look locally at the stand out stats in our local market. Our figures certainly fall in line with the national stock shortage trend outlined above.
In March 2022 new properties coming onto the market in the CM9 area were down 30% from this time last year. Furthermore, current available stock is down 33% from March 2021.
New buyer registrations continue to beat 2021 levels. This month has seen a 12% increase on registered buyers compared to the same time last year within our Maldon office.
Looking to buy in Maldon?
In the current market it is vital to find out about new properties coming onto the market as soon as possible. Do you know that we launch our new listings onto our digital mailing list 24 hours before they hit any internet portal. Many of our sales this year so far have been agreed to buyers registered on our digital mailing list. To register for these invaluable alerts, click here.
Worried about selling without a home to buy?
In the current market, a big worry for many clients that we help is how to find a property if you haven't yet got your home on the market. We work closely with all of our clients to ensure we help them do what is right for them. We never put anyone under pressure to do anything they do not want to do and provide impartial advice. Every seller is different so if a move is on your mind click here to see what type of property valuation suits you (we have three options available!)
Any Questions?
We understand that if you are considering a move, you may have questions about how the process works, current market conditions or costs. However big or small your question is - we can help! Simply fill out the form to the right of this blog and we would be delighted to assist.