Will 2018 end well for house sales?
During the first six months of 2018 the level of house sales across the UK were running at a fairly poor level, but now the second half of 2018 is bouncing back with house sales on the up again.
When we say house sales are on the up, we are talking about house sale volumes not prices.
The market in residential sales remains very price sensitive, which is why discerning house buyers are seeing the current market conditions as an opportunity to move whilst prices remain static. The news for house sellers is that you can and will sell successfully in today’s market, but don’t expect a fancy or inflated price.
Large house price gains are gone for a while, but like all markets when they rebound from a low they come back with a sharp and fast uptake. Savvy buyers know this so are active in the market now.
A turning point this Summer and Autumn
Summer and Autumn trading results on house sales are showing high levels of properties going through to exchange of contracts and new sales being agreed quickly if the price and marketing combination is right.
Take this property below, which had offers within ten days of going to the market with professional video marketing and an eye catching price.
House sales exchanges have been increasing with examples across the price ranges, with the exception of the still soft £2.5 plus market which will no doubt catch up in due course.
There have been encouraging sales just under £2.0m. such as the example below.
Tragedy comedy or soft landing
We are of course reminded of the phrase All’s well that ends well, which is a title from a play by William Shakespeare, thought not to be neatly classified as tragedy or comedy. Lets hope for the residential house market its neither and 2018 ends well for house sales.
If you are looking ahead to a house sale in 2019, why not ask for a free no obligation valuation for McCarthy Holden.