Maldon Housing Market Update - February 2023
Is it all doom and gloom in the local housing market? Our latest article looks at how the Maldon housing market has performed in February, plus we look at some year to date statistics SPOILER ALERT - some figures MAY surprise you.....
Maldon Housing Market Update - February 2023
Is it all doom and gloom in the local housing market? As we always do at this time of the month, lets firstly take a look at local market activity for February 2023, and compare this to the same time last year.
Firstly, lets look at new houses coming onto the market.
CM9 area comparison. February 2022 vs February 2023
New Listings
February 1 - 24 2022 - Total New House Listings - 61
February 1 - 24 2023 - Total New House Listings - 90
New listings are up 47% on the same time last year
Next, lets look at the number of property sales which have been agreed.
CM9 area comparison. February 2022 vs February 2023
February 1 - 24 2022 - Total New Sales Agreed - 53
February 1 - 24 2023 - Total New Sales Agreed - 49
Sales are down 7.5% on the same time last year
Finally, lets look at the number of houses which have been reduced in price.
CM9 area comparison. February 2022 vs February 2023
February 1 - 24 2022 - Total price reductions - 18
February 1 - 24 2023 - Total price reductions - 62
Price reductions are up 244% on the same time last year.
What do These Figures Tell us?
With more houses coming onto the market, buyers have more choice. Over the last two years (post COVID) we have seen stock levels reduce to historic lows. We are now seeing these levels return to more familiar pre COVID levels. We are in a housing market where properties are not simply selling themselves. The staff at Holden Estate Agents have experienced all types of housing market so are well placed to provide any buyers or sellers solid advice about moving in the current market.
Holden Estate Agents - Continuing to lead the way with sales agreed in CM9
Holden Estate Agents continue to lead the way when it comes to agreeing sales throughout the CM9 area.
Year to date, over 25% of all new sales throughout the CM9 area have been agreed by Holden Estate Agents!
If you are considering selling your home, or have your property for sale in the area with another agent, we would love to help you! Click here to see the three types of valuations that we offer, and pick the right one for you!
*Local housing data taken from rightmove plus 25 February 2023.