Resi Stock Levels in Plymouth
Now vs 3 Years
In the last three years, the number of homes for sale in Plymouth has risen by 158%.
Interesting when compared to the national stats, where the stock of homes available has climbed from 478,055 to 736,333, an increase of around 54%.
On the surface, this surge nationally may look alarming. More homes on the market might feel like there is less chance of standing out as a seller. However, context is everything. If we look back to 2008, during the financial crisis, there were around 1.3 million homes for sale across the UK. Compared to that, today’s market is still tighter.
What does this mean for Plymouth homeowners? Quite simply, choice has returned to the market. Buyers no longer feel the same urgency they did during the post pandemic boom, because there are more homes competing for their attention. As a result, realistically priced homes are the ones that sell.
At a national level, only just over one in two homes that come to the market will find a buyer. That makes it vital to price your home smartly from day one. In this market, unrealistic asking prices quickly get left behind, while competitively priced homes attract offers and sell faster.
For anyone considering selling in Plymouth, the message is clear: the market is still active, but pricing strategy is more important than ever.