December property market insight for Harborne Homeowners

Delving into the latest insights provided by the Zoopla House Index this week, take away stats of note for home movers in Harborne and Edgbaston are:
 
34% more properties available on the market on average across the country, higher in the West Midlands.
 
......A six year high, which is interesting realisation for both home seekers currently struggling to find that "dream" property.
 
15% more sales agreed (this compared to the fall out month after the infamous mini budget last October)
 
A positive that buyer demand has increased by 10%. This is the variable to keep track of as over the next three months!
 
The housing market is still grappling with the impact of higher mortgage rates, resulting in lower transactions and modest house price falls.
 
Homeowners, in response, are facing the challenge of adapting to this new reality and this requiring a high calibre of Estate Agent to not only represent them but also the nous of achieving best possible prices.
 
In the ever-evolving terrain of the housing market, the need for astute negotiation skills has become increasingly critical for homeowners.
 
McHugo Homes prides itself on the nuanced understanding of market shifts and a proactive approach to negotiation. Homeowners partnering with Mchugo Homes can benefit from a strategic negotiation approach tailored to the evolving market conditions.
 
How much will you be expecting to achieve for your home in early 2024?
Lets chat it through.
 
Andy McHugo
0121 5170251