JANUARY JUMP IN ASKING PRICES
News at Ware & Co | 18/01/2024
The average new seller asking price rose by 1.3%, the biggest price rise for January since 2020. This is over double the 20-year average of +0.6%.
As mortgage rates fall and the economic outlook brightens, buyer demand is improving, with 42% of agents reporting that buyer demand is higher than a year ago.
The number of properties coming onto the market in the first week of the year was 15% higher than a year ago, indicating sellers' increasing confidence for the year ahead.
Accurate and realistic pricing for the local area remains essential for those looking to get moving this year.
If you are thinking of selling, then give us a call on 01823 259604 for an honest, accurate valuation from Taunton's independent family owned estate agency.
Source: #Dataloft Poll of Subscribers, Rightmove (January 2024)