Property Market Update - Week 33

What Is Really Happening in the East Midlands Property Market This Week?

Here is the Week 33 property market round-up, giving a clear snapshot of how our region is performing right now.

The figures look beyond the headlines and compare current activity with both the wider national picture and longer-term market trends. They cover the number of homes finding buyers, new properties coming onto the market, average asking and agreed prices, the likelihood of a home selling, and how long it is currently taking to secure a buyer.

That comparison matters because the property market is never one single national market. Conditions can vary considerably from one region to another, particularly when it comes to buyer demand, pricing and the speed at which correctly marketed homes are selling.

For Leicester homeowners considering a move, these weekly figures and the direction/trend are going to provide useful regional context to our local area. However, averages only tell part of the story. The likely outcome for an individual property will still depend on its location, condition, competition and, most importantly, the pricing and marketing strategy used from day one.