Thank god October is over, What a month of events that was! HELLO NOVEMBER....who has started playing Christmas songs yet? I started as soon as the last trick or treater left our doorstep. 

October was a difficult month for us all due to all the craziness that was happening in politics which just caused the country's financial situations to just get worse. But as I always say, it's time to focus on what is within our control as sometimes the news, social media and the press can just mess with our health and wellbeing. 

I know you are reading this because you want to know my thoughts on the property market and in honesty its just as stable as the conservative party. This has been one of the hardest months to 'predict' what is going to happen with the market, we have seen very sought after properties come up for sale and haven't sold yet even at a very reasonable price and that is absolutely not down to the lack of hard work that the team are putting into marketing. While the market is still moving (albeit at a slower rate than a few months ago) it is very much being impacted by the lack of first time buyers due to the rise of the interest rates they have seen. Without the first time buyers starting off the chain it is proving harder for those looking to upsize. 

Despite the financial situation, families are still growing and therefore people are still looking to move into larger houses, Children are still moving out of home so families are also looking to downsize. So what is it that needs to change...

We need some form of financial stability to support the country's cost of living situation. Hopefully this is something that will come into play now that we have another new prime minister, but who knows!

Lucie and I are still working hard to come up with new solutions to advertise and market your property, along with trying to find new properties for you to purchase. Launching this new website and blog is one of those initiatives. During October viewings were down compared to the month before but that is usual based on the time of year, we still have lots of great valuations and new properties coming up which we cannot wait to show you. 

We have indeed been subject to a very special type of sellers market of the past couple of months due to the rise in demand since the COVID outbreak and I think we have got used to that as being normality but it is time to face the facts that we are heading back into a more normal market where things take just that little bit longer to sell and we might just be heading into a buyers market.

Before COVID-19 the average days to sell a property from the day it was listed was around 120 days. Over the past couple of years our average days to sell were sitting below 20 days which was just crazy. This is starting to rise once again and we are currently sat at an average of 92 days to sell which is lower than your national UK average. 

Oh, I mustn't forget to mention that we are also on the look out for a brand new property advisor to come and join our team so if you are interested in getting into the property market then we would love to hear from you. Send your CV to jakehollins@thegood.co.uk

One final thought on the current market conditions is that we will not truly know the outcome of the ongoing changes that are put into place until January 2023 as November & December are naturally quieter months overall but January will give us more insights into whether property prices are likely to drop or rise once again! 

We are always available on the phone so if you ever need some help and advice regarding the housing market, just pick up the phone!