Traditionally, October has always been a time of relative buoyancy for the property market, as home-movers seek to action the plans that they might have shelved over the summer holidays.
This year, the natural and predictable uptick in autumn activity has been particularly significant, with many home-movers incentivised by the possibility of a move before Christmas - something which at this point in the year, remains a very real possibility.
Currently, the time that it takes to sell a home in the UK is around 60 days, which means that sales agreed by the end of this month might well accomplish this much sought-after completion date.
It goes without saying, that many factors can influence these timescales, including chain length and mortgage status, but a proactive estate agent can go a long way towards mitigating these hold-ups and expediate the transaction process.
In the last month alone, Braxton have noted a significant increase in new instructions, and this has created the benefit of greater choice for those poised to action their onward move in the coming months.
Such indicators of market health tell a much more optimistic story than the one favoured by mainstream news outlets, and are suggestive of welcome improvements being made in both first-time buyer and second-stepper buying power, in particular.
With any luck, announcements made in the autumn budget will allow for a continuation of this trajectory, and will compound the benefits of softening mortgage rates and stable pricing on both homebuyer sentiment, and overall market strength going forward.
For more information on the current property market, or to register for updates and listings, please contact Braxton on 01628 674234 or email property@braxtons.co.uk