A week on from our last update, we’ve seen sales agreed hold relatively steady and demand soften. However, most metrics are still significantly up on 2019 – the last “normal” market.
To help you explain to your customers what’s happening in the market in plain English, we’re running a webinar next week with our economics, mortgages and property market experts.
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Sales still being agreed and new listings increasing
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Some buyers are adopting a wait and see approach
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| No big rise in price reductions
Small uplift of 2% in price reductions over the last few days, but only 23% of properties have been reduced since being listed compared to 33% in 2019 |
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| No big shock in pricing trends
Average asking prices up 8.3% (sales) and up 12.1% (rental) year-on-year |
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