Supply and Demand

Supply and Demand are still badly out of sync.

  • Mortgage Interest rates are rising, BUT there is still a strong pipeline of eager buyers, probably driven by the mayhem in the rental market.

  • There is an element of sellers overpricing in anticipation of continued price growth but moderation in this growth was inevitable.

  • New House supply is still very slow to come on stream, and the price points on new builds put them out of reach for many first-time buyers. Realistically priced properties will sell; it is time for potential sellers to dip their toes into the water in 2023!

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