Housing Market Update – Summer 2021

Housing Market Update – Summer 2021

Housing stock has seen a 40% decline nationally since January 2021 according to figures released by Propertymark despite a strong sellers’ market. I have seen similarities to the market back in 2008.

It’s also been reported that 40% of properties have been sold for above asking price nationally. It just shows, if you can launch your property at the right price, not too high and not too low, you can attract the right level of viewings which in turn means you can produce multiple bids. Many properties have even been lucky enough to have best and final bidding strategy.

The drive to move to the countryside is still hugely prevalent here in Derbyshire and Derbyshire Dales. One recent Peak Park cottage was lucky enough to produce over twelve viewings in a couple of days.

It’s a fantastic time to sell your home now. Some Propertymark members have suggested that for every home on the market there are potentially nineteen buyers. The main stamp duty holiday has finished and the same strong appetite to buy is still there.