Buyer DEMAND down 8% in May compared to April. Vendor SUPPLY up by 7% on last year.
Over the past few weeks buyer search criteria by price has become much more pronounced. This maybe due to affordability constraints or the increase in supply. There are also usual seasonal price drops at this time of year as sellers aim to accelerate their move.
Looking ahead demand still remains high compared to pre COVID levels and buyers can now benefit from a little more choice in their search for a new home.
For sellers this means the price point of their adverts are much more critical.
