News

These are exciting times in Chester with the sun continuing to shine and the Queen and Meghan visiting our beautiful city.

And Rightmove have just shared their latest property data which makes interesting reading.

Perhaps the main point of interest is that the sales market in the north is much stronger than the south. Certainly, we at Changing Home feel the market is very solid and we have enjoyed a very productive spring and early summer. This has meant that in our view buyer choice is now limited and this is mirrored in Rightmove’s data.

The main points are:

• New record asking price of newly-marketed property for third consecutive month as steady monthly increases continue, with a 0.4% (+£1,364) rise
• Spring market concludes with stronger number of sales agreed overall in May, just 2.0% down on May 2017, and up 5.4% on May 2016
• Market conditions vary significantly between the north and south:
• Strong buyer activity in northern regions has shrunk available stock levels by an average of 4.3% when compared to a year ago, restricting buyer choice and giving sellers upwards pricing power.
• In contrast the less active southern regions all have more available stock, up by an average of 17.5% compared to a year ago, a driver for a buyers’ market and some downwards price pressure.