Medway Towns Housing Market Update | July 2025 | Tom Dix The Independent Medway Estate Agent скачать в хорошем качестве

Medway Towns Housing Market Update | July 2025 | Tom Dix The Independent Medway Estate Agent

🏡 Medway Property Market Update – July 2025 What’s happening in the local market and what it means for you June brought a flurry of activity across Medway, with 1924 properties listed for sale — the highest number we’ve seen so far this year. Stock levels continue to climb, offering buyers more choice than ever. Of those, 538 new properties came to the market during June, slightly more than May and another month on month record. The average asking price locally remains steady at £355,000. We also saw 375 properties go under offer, showing that buyers are still very much active. However, 270 price reductions were recorded — the highest number so far this year — making it clear that sellers are needing to adjust to stay competitive. What does this mean for sellers? There’s no shortage of demand, but buyers are spoilt for choice. With such high levels of available homes, the market is incredibly price sensitive. The properties that are selling quickest are the ones launched at the right price and presented in top condition from day one. Overpricing, even slightly, is leading to long waits, multiple price drops or missed opportunities altogether. In fact, national data shows that homes which receive an enquiry on the first day of marketing are 22 percent more likely to find a buyer than those that don’t see interest until week two or later. What about buyers? This is one of the best times in recent years to be looking. Buyer activity is now 3 percent higher than this time last year and there’s 11 percent more property to choose from. With increased competition between sellers, there’s more room to negotiate, especially on homes that have been on the market for longer or seen recent price drops. A fifth of all listings have been on for over six months, which may indicate flexibility on price. Wider UK trends from Rightmove and Zoopla mirror our local market. Asking prices across the UK dipped by 0.3 percent in June, which is unusual for this time of year, driven by sellers adjusting their expectations in a market that is seeing the highest levels of competition in over a decade. In the South East and London, higher stamp duty and more homes available are putting extra pressure on sellers to price realistically from day one. Meanwhile, the average time to secure a sale remains at 45 days, and sales activity across the UK is at its highest level for four years. However, growth in house prices is modest. National inflation has slowed to just 1.4 percent, largely due to the sheer volume of homes now on the market. In summary: ✔️ If you’re thinking of selling, it’s more important than ever to get the price right first time and to launch with impact ✔️ If you’re buying, there’s strong choice and real potential to secure the right home at the right price ✔️ For both sides, speed and presentation are key and strategy matters more than ever If you’re unsure where your property sits in the current market or just want some honest advice, I’m happy to help. Let’s talk strategy, not guesswork.