Property website Rightmove have released figures showing that on average, estate agents have 64 properties on their books for sale, against 54 each this time last year. At the same time, it is now taking an average of 98 days to sell a property, against 78 a year ago.
This might be caused by panic selling as home owners try to beat a price tumble, whilst others are selling as they are unable to keep up mortgage repayments.
It is also suspected that homeowners are choosing to hold out for higher selling prices rather than accept lower offers.
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