🏡✨𝗬𝗼𝘂𝗿 𝗔𝗽𝗿𝗶𝗹 𝗡𝗼𝗿𝘁𝗵-𝗘𝗮𝘀𝘁 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗨𝗽𝗱𝗮𝘁𝗲! ✨🏡

𝘼 𝙢𝙖𝙧𝙠𝙚𝙩 𝙤𝙛 𝙩𝙬𝙤 𝙨𝙥𝙚𝙚𝙙𝙨...

In April the national housing market saw a growth of 1.1% up to £372,324, just £570 short of the record in May 2023 and in line with the 10-year average for this time of year.

However, we are seeing the market working at 2 speeds.

The top of ladder, largest homes are seeing the strongest start-of-year growth since 2014 while the more mortgage-dependent first-time and second-stepper segments are still very price-sensitive as affordability remains stretched.

Here are some key highlights from our region:

🏠The number of new sellers to the market is up by 12% for the year.

🤝Sales agreed increased by a remarkable 13% compared to last year.

📈 The North-East market has shown the biggest year-on-year growth in England at 3.4% for the year and 1.3% for the month.

🏃Properties are selling faster, with the average days to sell dropping from 64 days to just 60 days.

𝗡𝗚𝗨 𝗛𝗼𝗺𝗲𝘀' 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝗶𝗲𝘀 𝗳𝗹𝗲𝘄 𝗼𝗳𝗳 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝗶𝗻 𝗮𝗻 𝗮𝘃𝗲𝗿𝗮𝗴𝗲 𝗼𝗳 𝟮𝟬 𝗱𝗮𝘆𝘀.

𝟰𝟬 𝗱𝗮𝘆𝘀 𝗾𝘂𝗶𝗰𝗸𝗲𝗿 𝘁𝗵𝗮𝗻 𝘁𝗵𝗲 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗮𝘃𝗲𝗿𝗮𝗴𝗲!

Join us in making 2024 a fantastic year for the North-East property market! Contact us today to discuss what this means for your property!