Highest level of choice for 10 years
As we move into Spring, the Oswestry housing market is seeing a noticeable shift. While new buyers this season won’t meet March’s stamp duty deadline, they will benefit from the highest level of property choice at this time of year since 2015. With more homes coming to market, buyers have increased negotiating power, while sellers must remain competitive to secure a sale.
The Stamp Duty Log-Jam & Market Resilience
A huge backlog of 575,000 property transactions is currently in the legal completion process across the UK, as many buyers race to beat the March stamp duty deadline. While this has created pressure in certain parts of the market, Oswestry remains resilient, with steady demand and positive signs of growth heading into Q2.
Mortgage Rates & Buyer Affordability
Despite ongoing economic uncertainty, mortgage rates have stabilised at more attractive levels compared to mid-2023, giving buyers a little more confidence. However, affordability remains stretched, with many clients opting for financial reviews with our in-house mortgage advisor to secure the best deals.
• The average five-year fixed mortgage rate is currently 4.74%, down from a peak of 6.11% in July 2023, yet only marginally lower than 4.84% at this time last year.
• Buyers continue to prioritise value, and sellers must price realistically to attract serious interest.
Why March & April Are Prime Selling Months
Historic data shows that March is typically one of the strongest months of the year for selling a home. However, sellers cannot rely on past trends alone—competition is fierce, with the highest number of homes on the market in nearly a decade.
Sellers Who Succeed Are:
✅ Pricing competitively with the guidance of experienced agents
✅ Presenting their home in the best possible light with professional staging and marketing
✅ Remaining flexible to secure committed buyers
Signs of Momentum in Oswestry
At Daniel James Residential, we are already seeing positive momentum, with sales being agreed upon and strong offers coming in on well-priced homes. As we enter Q2, we expect this traction to continue, especially for sellers who work closely with us to optimise their marketing strategy.
Here’s to a promising April and a strong start to Q2!
Thinking of Selling or Buying in Oswestry?
📞 Call us today for expert guidance T 01691674494
🌍 Visit www.danieljamesre for our latest homes.
🏡 Oswestry’s most trusted estate agent – Daniel James Residential
Pic- The Long Barn, Pentre Morgan Barns, SY11 3LX
