With prices rising and stock still tight, it’s becoming harder for buyers – but existing homeowners may now be in a much stronger position than they realise.
What’s happening with prices
Cotality reports the national median price jumped 3.1% over the three months to November and 7.5% over the year. A shortage of listings continues to push prices higher, although affordability is starting to cap demand in some locations.
What this unlocks for homeowners
As prices rise, many owners now have more usable equity. That can unlock options such as:
Higher prices make entering the market challenging, but strong long-term growth trends highlight the benefit of getting in sooner rather than later. Once you’re in the market, compounding price growth can work in your favour.
Reach out to us if you’d like to find out how much usable equity you actually have.
