click to enable zoom
loading...
We didn't find any results
open map
View Roadmap Satellite Hybrid Terrain My Location Fullscreen Prev Next

May 2024 Market Comment

Please feel free to contact us with any questions or if you wish to discuss your requirements after watching our video for the month of May 2024

You can also read the transcript to the video further down this page

Welcome to the May 2024 Property Market Comment. What we thought had been a typical spring market last month is now tinged with some mixed messages. 

Historically the new listings that came on over Easter would generally be selling quite readily by now. We have in fact had a number of solid successes locally over the past few weeks and we’re proud of our sales figures. However, if we are to predict the future of the property market responsibly, then we need to look at the issues that affect people on a national scale.

Certainly, house prices, according to the Halifax, are simply treading water, with a 0.9% dip in in March and rise of 0.1% in April. Annually house prices are up 1.1% which is some way behind inflation. But don’t forget, house prices are sensitive to economic and political speculation, and considering we’re in an election year (with more elections around the world this year than ever before), as well as wars and rumours of wars, crime, migration and cost of living crisis, the resilience of the housing market is once again proving itself. 

This makes it a good time to buy, and not a bad time to sell. In other words, we have a market more or less in balance, slightly favouring buyers. So if your own personal plans include a possible house move, there are not only buyers out there for your property, but also plenty of choice for your onward purchase. There are deals to be done and we often find that there is flexibility within linked-transaction chains, as everyone is on the same side, in getting a sale over the line. It’s not quite as vicious as it was during the pandemic boom, with the property landscape being just right for real buyers and real sellers, moving for real reasons. 

Our role in all this, is to help people move. Why not call us to find out how our involvement in your move might be to your considerable advantage.    

 

©Copyright 2024

Richard Rawlings 2024 except where excluded under licence

Share this post

Other post in ,

Market News
Ruxton Property

April 2024 Market Comment

Welcome to the February 2024 Property Market Comment

This leap year February we’ll be blessed with an extra day of property marketing this year – it all helps in the quest for progress in notching up our growing number of successful property transactions.

Read More »
Screenshot 2024 02 07 144652
Market News
Ruxton Property

February 2024 Market Comment

Welcome to the February 2024 Property Market Comment

This leap year February we’ll be blessed with an extra day of property marketing this year – it all helps in the quest for progress in notching up our growing number of successful property transactions.

Read More »
Market News
Ruxton Property

November Market Comment

Welcome to the September 2023 property market comment.

The weather may still be telling us it’s the height of summer, but the schools have now gone back, the holidays are behind us and life for most of us is very much back to normal. This is actually a good time for the property market, with the next focus on achieving a sale by Christmas a firm reality.

Read More »

Compare Listings