According to research by estate and lettings agent Barrows and Forrester, home sellers have been returning to the market in force since the start of 2023, with a surge in the number of homes being listed for sale.
The analysis revealed that over 87,000 homes were listed for sale across Britain in the past 14 days, up 89% from the 46,092 that entered the market at the start of the year.
The surge in listings follows a 46% fall in new stock levels when comparing November to January of this year, which followed the shambolic mini budget delivered last September.
All regions have seen a substantial increase in the number of new homes reaching the market versus January of this year, and every region but London has also moved above last November’s benchmark.
James Forrester, managing director of Barrows and Forrester, said: “Following the shambles that was last September’s mini-Budget, many sellers put their plans on hold as uncertainty enveloped the property sector.
“This led to the level of stock reaching the market across Britain falling by almost half and only added fuel to the fire of a potential downturn.
“However, we’re yet to see this downturn materialise where any notable decline in house prices is concerned and with stability returning to the market, it’s clear that it’s business as usual in 2023.
“Sellers are acting with a renewed level of confidence and pushing ahead with their sale, resulting in a considerable increase in available stock across the board.”
