Market Update - January 2024
As we approach the end of the first month of 2024, lets take a look at what is happening in the local Maldon housing market.
The housing market is always a hot topic - especially as we enter a new year. Here we take a look at the local market activity for January to see how it compares to the same time last year.
Firstly, lets look at new houses coming onto the market.
All figures are CM9 area comparison. January 2023 vs January 2024. Data from rightmove plus (27/1/24)
New Listings
January 1 - 26 2023 - Total New House Listings - 87
January 1 - 26 2024 - Total New House Listings - 79
Next, lets look at the number of property sales which have been agreed.
January 1 - 26 2023 - Total New Sales Agreed - 38
January 1 - 26 2024 - Total New Sales Agreed - 36
Finally let's look at price reductions.
January 1- 26 2023 - Number of Price Reductions - 42
January 1 - 26 2024 - Number of Price Reductions - 38
What Trends Have we Seen in the First Month of 2024
Buyer Numbers Registered by Holden Estate Agents
The number of new buyers registering on our database is up 45% in January 2024 compared to the same time last year. This is a positive sign to show more confidence in the housing market.
Sales 5% Down on Same Time Last Year.
There is certainly more positivity around the housing market compared to the start of 2023. It will be interesting to see whether February sales numbers beat 2023 levels.
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!