Katie Market, News & Views

What is happening in the market.....

What lovely weather we have had this month, I know I always go on about the weather but I really do love when we see the sun.

I am not going to lie the market is very up & down to say the least, abit like our economy. With the constant interest rate hikes it’s causing a lot of concern for both our buyers and indeed our sellers. We were privileged this month to be invited as “BEST AGENT GUIDE” gold winners to attend an exclusive agents master course with some of the most influential bodies in the industry at the Ageas. Here we learnt some very insightful knowledge of what has actually been happening both nationally and most importantly locally. The good news is the market isn’t crashing more resetting as I predicted a few months ago. We are back to 2019 prices yet with the natural uplift to be expected had we not had a pandemic. So, if you are looking to sell the 2021/2022 prices no longer exist and you may need to start being realistic about offers. Buyers are naturally cautious and want to ensure they future proof themselves to further predicted dips in the market not mention ensure they can afford the rise in interest rates. If you are buying and selling simultaneously then of course, this is all relative. My advice; just concentrate on the figures that you need to make the move and not what you “want” for your property. For example- If you get a figure of £10,000 less than you want then make that loss work on your next move with your offer. It’s always so hard as agent when we have a sudden turn in the market beyond our control but it is equally our job to offer a transparent service and give the best advice possible to make it happen. If you want some honest advice about selling your property my team & I would welcome the opportunity to meet up.

On a happier note, I am super pleased to share with you that for the month of June our office stats were;

📈Enquiries up by 14.7%

📈Viewings attended up by 25.7%

📈Valuations attended up by 25.7%

📈New listings up by 5.9%

📈Sales agreed up by 50% (14 sales this month🏆)

📈 Exchanges up 33.3%

For me that shows the market is still moving but just shifting to more of a “normal” market.

Summer wishes for now