The October 2021 House Price Index by Rightmove has shown the highest price increase for property coming to the market since October 2015 and all property market sectors (first time buyers, second steppers and top of the ladder) are hitting new price records. But is this being reflected in the Newark and Southwell housing market? Business Development Manager and Valuer, Chris Pick offers his independent expert viewpoint.
He says: “In our local market, there is still a significant shortage of property being put up for sale and this has led to a ‘Seller’s Market’. This is despite there being many qualified buyers who are motivated, keenly positioned and ready to offer on a property.
“As a result, we are now seeing that buyers who moved into rented accommodation while they continued their property search are now having to expand their preferred location areas to find the right home which meets their criteria.
“As we get closer to Christmas we tend to see a slowing of property coming to the market as sellers instead concentrate on celebrating festivities at home. However, if you are keen to sell then our advice at Alasdair Morrison & Partners is to speak to us now for a free, no-obligation market valuation to take advantage of the strong demand for property this autumn from buyers.”
The experienced Sales teams at our Southwell and Newark offices are available to help you find out what your property is worth. Just call 01636 813971 or 01636 700888 to have a confidential discussion.
