Housing market ‘isn’t as bad as the media is portraying’
Comment is made by Spectre as it launches quarterly report, with forecasts showcasing data from the first quarter of 2023.
Spectre says that the housing market isn’t as bad as the media is portraying and that for those with the right skill set it will prove no challenge whatsoever.
The findings come from the proptech provider’s first Market Report, published today, which showcases data from the first quarter of this year alongside data from 2022 and 2021 as well as a five-year average.
DECLINE
The housing market report says: “The number of properties dropping their prices is through the roof, there’s a continual decline in agreed sales and listings are taking longer to shift.
“In any other market, this should be a cause for concern and understandably, fear has been spreading.
“However, for the last few years, the property market has seen exceptional growth.
“These movements should be seen as market conditions normalising and returning to a more manageable baseline – rather than viewing them as drastic shifts compared to last year. The market is still healthy and for those with the right skill set, it will prove no challenge.”
LEADERBOARDS
The report also includes leaderboards of the top UK agents (by new listings and sales agreed), the average number of days a listing was on the market until sold STC, and the percentage of property sold by region.
Heather Staff, Co-founder of Spectre, says: “We’re so excited to launch this report at what is a crucial time for agents to have visibility on their market.
“Following such turbulent years for the market, using data to project what is to come gives agents the best chance at future success.
“Agents can use the report to underpin their marketing and prospecting strategies, confident in the knowledge they are fully aware of not just the market that has been but also the best forecasts for what might happen.”
Download the free report HERE.
