Spring Housing Market Update

As the days become longer and the weather turns warmer, the spring housing market is in full swing. This year, we here at Abshot Estates are noticing a shift in the market as houses coming to market at more realistic prices are generating plenty of interest and selling within reasonable timeframes.

Many sellers are finally realising that the properties they want to buy are also becoming more realistic on price. This new understanding of the adjustments in prices is allowing the flow of house transactions to continue, albeit at lower prices. We are seeing a trend of sellers being more realistic with their pricing, which is resulting in more offers and sales being agreed.

According to the Nationwide house price index, in the South East there has been an average decrease of 6% since what was considered the peak of house prices in summer 2022. This is an indication that the market is adjusting to more realistic levels, which is a healthy sign for the overall housing market.

At Abshot Estates, we advise sellers to seek professional advice and to be brave and realistic when selling their property. This means being open to adjusting the price of their property to reflect market conditions and taking a flexible approach to negotiations.

The key to a successful house sale in 2023 is being realistic about pricing and being prepared to make adjustments if necessary. With the right approach, sellers can achieve a successful sale within a reasonable timeframe.

In addition to being brave and realistic when selling their property, homeowners should also consider getting at least three valuations on their property before putting it on the market. This is because different agents may have differing opinions on the value of the property, and it is essential to have a well-rounded view.

However, it is not just about getting multiple valuations. Homeowners should also consider the experience and track record of the agents they are considering. It is important to work with an agent who has a proven track record in the local market and who has a good understanding of the current market conditions.

At Abshot Estates, we have many years of experience in the local property market, and our team of experts is well-equipped to provide accurate and reliable valuations. We have a wealth of knowledge about the local area and the current market conditions, and we pride ourselves on providing our clients with honest and realistic valuations.

Getting multiple valuations is a crucial step in the selling process, but it is equally important to work with an experienced and reputable agent. With the right approach, homeowners can achieve a successful sale within a reasonable timeframe and at a realistic price

Jack Jowett

Jack Jowett | Managing Director