Moreton-in-Marsh Property Market Improved by 57% Over Pre-Pandemic Levels Has there ever been a better time for Moreton-in-Marsh home sellers?

The Moreton-in-Marsh property market, for people looking to sell, is at its sturdiest for at least the last five years with home buyers jumping onto the Moreton-in-Marsh property ladder with abandon.

Moreton-in-Marsh house prices are anticipated to rise throughout 2021 after the Stamp Duty cut (and subsequent extension until the summer/autumn) and the newly revealed 95% mortgages for Moreton-in-Marsh first-time buyers (and Moreton-in-Marsh homeowners with minimal equity).

In addition, the continued low interest rates and the demand for larger homes because of lockdown, means the Moreton-in-Marsh property market should remain bullish for a while. There is a surge in potential buyers putting themselves on mailing lists with Moreton-in-Marsh estate agents, making the biggest disparity between supply and demand for Moreton-in-Marsh property for many years.

Fears of a cliff edge for the Moreton-in-Marsh housing market at the end of March have dispersed, somewhat due to the Stamp Duty tax deadline extensions, but also because the elevated level of buyer demand caused by the three lockdowns has continued to swell since the start of 2021 meaning that today …

67% of Moreton-in-Marsh properties on the market are Sold (STC)

Interesting, when utilising data from theadvisory.co.uk website, the Moreton-in-Marsh average for the last five years has only been 43%, meaning there has been an uplift of 57% in the proportion of Moreton-in-Marsh properties sold (STC) compared to that five year average.

Yet what can’t be forgotten is that 9 out of 20 Moreton-in-Marsh house sellers are also Moreton-in-Marsh house buyers as well, so whilst they do indeed achieve a higher price for their Moreton-in-Marsh property, they also have to pay more for the Moreton-in-Marsh property they want to buy.

So, how much will Moreton-in-Marsh house prices rise by?

Like all things in life, it’s all about demand and supply. I have discussed the demand, yet what about the supply of properties for sale?

There are 10% fewer Moreton-in-Marsh properties for sale today compared to a year ago

Whilst February saw a lower than normal level of new properties coming onto to the Moreton-in-Marsh property market, the easing of lockdown road map and faster rollout of the vaccine is also persuading more Moreton-in-Marsh homeowners (especially those older Moreton-in-Marsh homeowners who have had their jabs) to start making the first steps towards moving home in 2021.

This will mean there will be more Moreton-in-Marsh properties available for sale in the conventionally busier post Easter market in the coming weeks and months which should cause more equilibrium and help keep Moreton-in-Marsh property prices in check.

These are interesting times for the Moreton-in-Marsh property market. If you are a Moreton-in-Marsh homeowner or Moreton-in-Marsh landlord looking to buy or let your Moreton-in-Marsh property in the coming weeks or months, don’t hesitate to drop me a line to discuss what all the points raised in this article mean to you.

 

 

 

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