20% more homes for sale
There are a fifth (20%) more homes available for sale compared to the same time last year, boosting buyer choice.
Encouraged by the usual spring bounce and a 9% annual increase in property sales, more people are putting their home on the market.
61% of agents reported an increase in supply in the sales market over the last three months, while 23% reported similar levels.
Despite rising confidence, buyers remain price conscious and continue to negotiate on price. Two-fifths of sales agreed in March were at least 5% below the asking price. Source: #Dataloft (https://inform.dataloft.co.uk/), Poll of Subscribers, Zoopla, March 2024.
What do Jukes Estate Agents Harlow think?
Co owner Geoff Flewers says: “There has been an upturn in properties sold in Harlow, that’s for sure.” “The stark truth however, is that whilst there are definitely more sellers, and more property is being sold, there is a problem!”
He continued.. ” Research says that sales agreed in March were 5% below asking price in 40% of property sales.” “In Harlow, we believe it is nearer 60%.”
Fellow co owner Lee Venables takes up the story: “We here at Jukes Estate Agents Harlow had over 85% of our property sales achieve asking price or over.”
“Firstly, by pricing it a little lower than actual value attracts more viewers.”
“Secondly, when you get more people viewing it is logical that you end up with more people interested.”
“Thirdly, if you have more people interested in a property, you get more offers.”
“Finally, if you get more offers, we can use our skill to negotiate the price upwards.”
“There is simply too much property in Harlow, put on for too much money.”