According to a recent report, home sellers are becoming more aggressive to find buyers by lowering their asking prices and it might be working because home buyers are finding properties worth buying in their price range. Home sellers and home buyers are coming together to bring a final boost to the property market according to the website Rightmove, which is an online property lister.

The market is so busy as a matter of fact, that deals made between buyers and sellers but backlogged in the legal system awaiting completion is at the highest in over five years.

The boost to the housing market could be due to the usual summer spike in sales. It could also be a rush to get onto the property market, sell property, or move home before the Brexit deadline.

Rightmove director, Miles Shipside, remarked, “Whilst another approaching Brexit deadline is now nothing new for prospective buyers, this one may seem more definite, and therefore one to beat, with the Government regarding this one as ‘do or die’. While the end of October Brexit outcome remains uncertain, more buyers are now going for the certainty of doing a deal, with some having perhaps hesitated earlier in the year.

“More prospective movers are taking the plunge, getting stuck into deals with sellers more willing to lower their price expectations, and lenders wanting to lend and offering low rates.

“There’s only so long that buyers and sellers can delay the familial, financial  and emotional forces driving the need to move, and with the average time between agreeing a sale and moving in being more than three months, we’re now entering the last chance saloon for those who want to have finished their move before the end of the year.

“We often see an autumn activity bounce, but perhaps this year’s political activities have brought that forward into a summer surge as buyers have gone bolder and earlier than usual.”

The Brexit deadline is 31 October 2019.