Here is our May 2019 Saffron Walden Housing Market update.
While transactions are down nationally on 2 years ago (by almost 50% in some places), recent weeks have seen an improvement in the Saffron Walden area.
The reasons for this are many but the main one is simple. Both Sellers (and Agents) have finally given up trying to get property sold at 2017 levels and are reducing or coming to market with more realistic prices.
While each area and property is different, on average, property prices in and around Saffron Walden are around 10% lower than 2 years ago.
As an example, an extended 3 bed-semi which would likely have got somewhere between £430,000 and £440,000 at the height of the market, now sells at £400,000 or slightly under.
As usual in uncertain markets, it’s the higher priced properties that struggle to sell and rent at or near their asking price. We need some political and economic stability which, sadly, does not seem likely any time soon.
Still the sun is out as I write, we may have a nice summer, and that always makes buyers feel better about committing to properties, especially those that will be long term homes for their family.
All the best.