Maldon Housing Market Update - May 2023

Maldon Housing Market Update - May 2023

As the sun starts to shine over the Maldon district (finally!) lets take a look at what has happened in the local housing market over the last month.

As we head towards the end of May 2023 its time to look back at what has been happening in the local housing market throughout the month.

CM9 area comparison. May 2022 vs May 2023
(Data taken from Rightmove)

New listings

May 1-26 2022 - Total New House Listings - 85
May 1-26 2023 - Total New House Listings - 90

New listings are up 5.8 % compared to the same time last year.

What does this tell us?
Stock levels continue to rise in 2023 and the number of houses that are for sale are more similar to pre-covid times. There is a better choice for those looking to buy.

Next, lets look at the number of property sales which have been agreed.

May 1 - 26 2022 -Total New Sales Agreed - 45
May 1 - 26 2023 - Total New Sales Agreed - 54

Sales are up 20% on the same time last year.

What does this tell us?
It is a positive sign to see that sales numbers are once again higher than the same time last year. Viewing numbers have increased too as buyers continue to have more choice when looking to buy - something that hasn't been possible over the last couple of years due to stock shortages.

Finally, lets look at price reductions.

May 1 - 26 2022 - Total Price Reductions - 26
May 1 - 26 2023 - Total Price Reductions - 66

Price reductions are up 154% on the same time last year.

What does this tell us?
We have seen the number of price reductions increase throughout the whole of 2023. These are at far higher levels than what we have previously been used to during 2021 and 2022. Put simply, we are in a changing market where the right price is key to whether a house sells or not.

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 different types of valuations that we offer, and pick the right one for you.





Get in touch with us

Selling your home can feel like a daunting process, but with some careful preparation, you can give yourself the best possible chance of attracting the right buyer and achieving a smooth, successful sale. From creating the right first impression to dealing with those little jobs you’ve been meaning to do for years, here’s how to get your home market-ready.

Summer viewings bring out the best in properties—but they also heighten buyer expectations. Find out what stands out most to viewers during the warmer months and how you can make your home shine when it matters most.

Buying your first home is an exciting milestone, but it can also feel overwhelming. With so much to consider—budgets, mortgages, legal paperwork, and finding the right property—it’s easy to feel lost in the process. This guide outlines the key things every first-time buyer should know before taking that first step onto the property ladder.

Moving home isn’t just about the sale price. From legal fees to removals, there are plenty of extra costs to budget for. This guide covers the most commonly overlooked expenses so you can plan with confidence and avoid last-minute surprises. All costs in this guide are just an average and will vary depending on the complexity of the transaction and even where you live in the country so remember to ask for detailed costings.