Longer sale time for properties
Despite an increase in buyer and seller demand, the home-buying process is still not plain sailing; on average, it currently takes more than seven months for a seller to move home once they have put their property up for sale*.
In a recent survey, estate agents and property experts were asked what changes they would like to see in the housing market; speeding up the buying process was the second most popular answer. The Levelling Up, Housing and Communities (LUHC) committee are investigating how the buying and selling process can be improved in England and Wales, so many are hopeful that action will be taken soon.
Winter might feel far away now but, if you are planning to move house in 2024, you may wish to put your property on the market sooner rather later.
*Rightmove