What will happen to house prices in 2024? It's all about setting your price right from day one 💵
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Rightmove analysts predict that average new seller asking prices will be 1% lower nationally by the end of 2024, as competition increases among sellers to find a buyer
💬 Rightmove's property expert Tim Bannister says: “It’s likely to be another muted year for the market, however the better than anticipated activity this year has shown that many buyers are still getting on with satisfying their housing needs.
We predict a modest average 1% fall in new seller asking prices in 2024. The underlying level of good demand at the right price makes it unlikely that we will see a more significant drop in prices next year.”
If you’re selling a home in 2024, pricing will be key 🔑
In 2023, we’ve seen 39% of properties with an asking price reduction during marketing, compared to 29% last year, and 34% in 2019
Average time to find a buyer has jumped from 45 days this time last year, to 66 days now
Home-sellers who have been competitive on price have been able to find a buyer more quickly.
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📸 Expert property valuer Lisa Dahl-Parsisson at Cavendish Residential 📸
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