Date Published 18 January 2024
Buyers return to housing market as mortgage rates fall.
It seems like there's a positive outlook for homeowners looking to sell and move in 2024. The majority of homeowners are experiencing price gains compared to the pre-pandemic period, which is better than anticipated.
Lower interest rates are anticipated to boost buyer demand and generate more interest in the housing market in the coming months. Buyers might see this as an opportunity to negotiate on pricing with sellers, although sellers should be prepared to be realistic about the value they expect to achieve for their property.
A steady reduction in asking prices in 2023 indicates that sellers have been adjusting their pricing strategies to attract demand and increase the likelihood of securing a sale.
This adjustment reflects a collaborative effort between sellers and estate agents to find the right pricing balance in the market, and where good communication between the agent and the seller is crucial.
Our advice is to speak with a qualified, local property expert with expert communication strategies, who understands the local housing market inside and out and places your needs first and foremost.
For an altogether more pleasurable estate agency experience, give the team at Noonan a call. You'll be so glad you did.
