Around 1 in 6 homes priced below £250,000 agreed a sale during the month. Between £250,000 and £500,000, that fell to around 1 in 8. Above £5 million, it was around 1 in 53.
It is a reminder that the property market moves at different speeds. A national headline will not necessarily reflect what is happening in Baldock and Letchworth, your price bracket or for your type of home. That is why over the weekend, I will be publishing the stats for Baldock and Letchworth. These figures show the proportion of homes agreeing a sale in the last month. They do not mean that homes which remained available will never sell, or that every unsold property is overpriced.
For anyone thinking of moving, the key is to understand the competition. Buyers compare your home with the other properties their budget will stretch to. Your asking price, presentation and marketing all help shape that comparison. If your home is attracting little interest, it is worth reviewing the evidence with your estate agent. Which similar homes are securing viewings? Which are agreeing sales? How does yours compare? Thinking of selling, or wondering where your home sits in the current market? Get in touch for a conversation about local conditions and a realistic pricing strategy.