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⚡ MORE RECORDS!! Average prices UP UP UP (3rd month in a row!) ⚡ But... early signs of slowing 🐌 Download FULL REPORT here đŸ“©

✅ Average price of property coming to market this month rises for the THIRD CONSECUTIVE MONTH! đŸ„‡
✅ +0.8% (+£2,509) hitting £336,073!! (beating last month's all-time high record of £333,564 🌟
✅ That's a RECORD for ALL COUNTRIES and REGIONS of the UK! 🏆
✅ In the East Midlands, we're up 10.2% since March 2020 - our average asking price £254,306 🚀
✅ However, signs that market is SLOWING DOWN... 🐌
✅ +0.8% this month but May's increase was +1.8% and in April +2.1% 📉
✅ Sales agreed in May are 17% ahead of same period in 2019 📊
✅ However, sales agreed in April were a MASSIVE 45% up on the same period from 2019 đŸ€
✅ This is due to high prices combined with an all-time low in the number of available properties 🛑
✅ Buyer demand continues to outstrip supply i.e. sales agreed bound to diminish unless supply is replaced 🏡
✅ The average number of properties available for sale per estate agency branch is at an all-time low of just 17, falling even further from the record low of 19 in the previous month đŸ”»

Interestingly, the top-of-the-ladder sector continues with the FRENZY and is getting STRONGER đŸ’Ș:

✅ The housing market as a whole has seen an average price rise of 7.5% since March 2020 (+£23,448) but the higher end properties have seen a +12.3% increase (£67,394)! 🔝
✅ The number of sales agreed on properties over £500,000 in May was 49% above the same period in 2019 (despite buyers knowing they will miss the maximum stamp duty saving that comes to an end in June) đŸ€·‍♀

â„č Note: we use 2019 as the best comparison year since the market was effectively suspended until mid-May 2020 â„č

🙋‍♀ đ—›đ—Œđ˜„ đ—șđ˜‚đ—°đ—” đ˜„đ—Œđ˜‚đ—čđ—± 𝗼 𝗯𝘂𝘆đ—Č𝗿 đ—œđ—źđ˜† đ—łđ—Œđ—ż đ˜†đ—Œđ˜‚đ—ż đ—”đ—Œđ˜‚đ˜€đ—Č đ—¶đ—» đ˜đ—Œđ—±đ—źđ˜†'𝘀 đ—ș𝗼𝗿𝗾đ—Č𝘁❓ Contact our EXPERTS đŸŠč‍â™€ïžđŸŠž‍♂ and we'll let you know 👍


#cavendishexperts #houseprices #houseexpert #houseforsale 

Posted 21 June 2021
by Ali Baylav Managing Director Cavendish Residential

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