May 20, 2024

Market Dynamics Shift as Demand Outpaces Supply 🏡

Market Dynamics Shift as Demand Outpaces Supply 🏡

While property asking prices stand unyielding, a 17% dip in finalized sales unfolds, as highlighted by Rightmove. Intriguingly, per-property enquiries surpass their 2019 numbers—likely due to a reduced inventory of available homes. Yet, amidst this flurry of interest, a mere 60% of listings seal the deal with a buyer.

#RealEstateTrends #SupplyAndDemand #HousingMarketUpdate 📊