27/07/2023
July National Property Stats
A big thank you to Rightmove for sharing these insightful stats with us!
Here's a summary:
Property prices down 0.2% this month due to rising mortgage costs and affordability issues.
Buyer demand remains strong, up 3% from 2019, but sales down 12% on 2019 more normal market.
Limited supply of properties for sale, 12% lower than 2019.
Overpriced properties struggling to find buyers - price right from the start!
Mortgage rates still high, causing some to wait for rate stabilization.
Bottom line, if you in the position to buy, buy, if you need to sell, sell. Media is one thing, what ACTUALLY is going in in your specific area is another.
Reach out lets chat!!