The January Bounce!

January 17, 2023

What is a January bounce?
Statistics from Rightmove today suggest that the market has bounced into January 2023. I can vouch for the fact that I have been booked up since we came back on 3rd January! Full weekly diary of viewings and valuations!

Let’s have a look at the snapshots:
🏡 Biggest post-Christmas bounce in enquiries since 2016. At the beginning of 2023, the number of prospective buyers contacting agents is up 4% compared to the same period in 2019, and up by 55% compared with the two weeks before Christmas.
🏡 Average asking prices are up month-on-month.
Although average asking prices are still £8,720 lower than their peak in October, after two months of falls, they have increased by 0.9% (+£3,301) this month. This is the biggest increase at this time of year since 2020.
🏡 A surge in home valuation requests. The 5th of January saw the number of people sending a request to an estate agent to value their home, at its third largest on record. In total the first week of 2023 was the busiest for home valuation requests since August 2022.

Not what you were expecting?
I still have some space for more valuations if you are considering selling your home. The meeting is more than just giving you a price! It’s also about giving you advice and help in taking those first steps into moving this year.

Been on the market with another agent? Not had much luck? Let me give you an honest appraisal as to why you may not be selling. No catch, just great advice. Call 01225 705650 and book your meeting with me.