Whats happening in the property market this November?

The property market is experiencing significant momentum, with the number of sales agreed up 26% compared to this time last year, alongside a 6% rise in new sellers entering the market. This surge in activity reflects growing confidence among buyers and sellers alike.  

This growth is fueled by the easing of mortgage rates, which are unlocking pent-up demand and encouraging more people to take the next step on their property journey. 

Regionally the North West has seen a 1.8% increase in average property prices since last year, taking the figure to £259,792. 

More specifically for us, we can report that we have 28% more properties under offer compared to this time last year, reflecting a strong and active market. This increase in buyer and seller activity highlights the growing confidence in the property sector, and as a local business, we’re proud to be delivering positive outcomes for our clients. As your trusted estate agent, we're committed to helping you navigate the market and stay fully up to date.  

Looking ahead to 2025, Rightmove forecasts a 4% increase in average asking prices; their most optimistic prediction since the pandemic-driven surge of 2021.  

Have you got a property you're thinking of selling? Now could be the perfect time to get your property valued. Contact us today for your free valuation.