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News March 19, 2018

With asking prices hitting record highs should you consider selling now?

According to Rightmove the average asking price of newly-marketed property have jumped 1.5 per cent – or over £4,500 in the past month.

The portal says the first time buyers and second-stepper sectors have hit all-time price highs of £189,840 and £272,031 respectively.

Overall, average asking prices also hit new records in four out of 11 regions as the market has been hit by a five per cent dip in supply compared to the same period a year ago.

The 1.5 per cent increase this month is the largest seen at this time of year since 2007, says Rightmove.

We at Chelton Brown have seen a definite increase in first time buyers purchasing properties and due to the demand two to three-bedroom properties are selling quickly. Asking prices are being achieved and sales are being agreed within a week of being put on the market.

With prices on the increase too your property may be worth more than you think. If you are considering selling and would like a free up-to-date market appraisal please do not hesitate to contact us on 01327 879431.

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