General feel of the housing market at the moment?

General feel of the housing market at the moment?

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Four Cofffee

Original Poster:

11,800 posts

236 months

Monday 26th July 2010
quotequote all
Press reports saying we are headed for another (did we leave the laast one?) period of a "buyer's" market given the uncertainty in the public sector jobs market, continuing variable signals on the economy etc.

What are your experiences of the market of late?

Patroling the sites such as Prime Location for the Lincs/Notts and South Yorkshire areas on a regular basis it looks likle some larger houses ( 500K plus) have stuck firm and many of the pictures of properties are from winter or early spring. Some decent price reductions happening (often 5%+) trying to get a sale. Looks like the ones being taken off the site are not selling but being withdrawn after the HIPS thing went.

Are we in the 'making silly offers' season or has the market firmed up? I noticed 2 houses in our vilage have sold quickly (both well priced sold within days) but those who have held out on the full price haven't had a single viewer. Suggests it is about sensible pricing, not that there are no buyers out there.

Edited by Four Cofffee on Monday 26th July 17:38