Summer sellers need to work harder as prices stand still

• New seller asking prices hit usual summer slowdown this month resulting in virtual price standstill (-0.1% or -£248)
• Number of properties coming to market jumps up by 8.6% compared to same month last year, but no corresponding increase in buyer numbers to soak up new seller influx (sales agreed holding steady at -0.2% compared to the same month a year ago)
• Stock for sale per agent highest since September 2015, meaning sellers in areas of over-supply need to compete harder on price, presentation and promotion of their property to attract buyers
• The proportion of sellers already on the market that are reducing their asking prices is the highest at this time of year since 2011, indicating initial over-optimism on price

If you would like a non obligation valuation on your property please do not hesitate to contact us on 03334441007 and our team would be happy to assist.