Find a buyer before Christmas as prices jump 1.1%
Second-stepper sellers most likely to find a buyer before Christmas as prices jump 1.1%
1% (+£3,432) rise in average asking prices of 104,000 newly marketed properties compared to previous month
New sellers ask higher prices in eight out of ten regions despite sales agreed numbers being down in nine of the ten this month compared to September 2016
Average time to find a buyer is 63 days, so with Christmas 69 days away which sellers have the best odds of festive cheer?
Most likely to sell are second-stepper properties, with average time to find a buyer of 60 days, followed by first-time-buyer type properties at 62 days
Top of the ladder properties take 76 days on average so less likely to sell before Christmas
Northern sellers more likely to find a buyer with sales agreed numbers down by a modest 3.0% on September 2016, compared to the South where sales are faring worse, down by 7.9%
In spite of a more challenging environment, sales agreed numbers year-to-date are still 1.1% ahead of 2016
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