March is always a particularly active time for the property market, and even this year - in spite of recent challenges - the green shoots of recovery are already beginning to emerge.
Among the most noteworthy of these metrics, are the figures from Righmove showing that March saw the largest increase in asking prices (1.5%) in ten months, which is even higher than the historical March average of 1%.
As well, the first six weeks of this year have seen the number of agreed sales jump by 16% from the same period last year. Most of these price jumps have been driven by the burgeoning demand for larger homes, alongside the boost that falling interest rates have given to buying power in this sector.
This so-called ‘spring bounce’ is - admittedly - a hallmark of the sector’s seasonal cycle. However, against the backdrop of what was a relatively muted 2023, its arrival is being particularly keenly felt, especially among potential home-movers and industry experts.
With any luck, this uptick in market activity should last from after the Easter bank holiday, right through to the start of the summer break.
During this time, some sensitivity to external events and pricing is still to be expected. However, for now, the relatively positive financial metrics are pointing towards a ‘window of opportunity’ which - for motivated buyers and sellers alike - it might be prudent to not let pass by.
For more information on the Maidenhead property market, or to book a free no-obligation valuation, please call Braxton on 01628 674234, or email property@braxtons.co.uk.