West Midlands

The West Midlands is currently seeing some changes in its property market this May. The recent announcement of a General Election has brought a bit of uncertainty, affecting how buyers and sellers are behaving. But what’s interesting is how this is playing out differently in various parts of the region, especially in Staffordshire.

Typically, when an election is announced, people tend to pause their big decisions, including buying or selling homes. This cautious approach is evident in the West Midlands, where we’ve seen average property prices fluctuate slightly, now sitting at around £265,000. This small dip reflects the careful mood of the market. However, for savvy buyers, this could be a great time to snag a good deal.

Staffordshire is showing resilience despite the election jitters. As of May, the average property price here is about £230,000, which is a bit lower than the regional average. This makes Staffordshire an attractive option for those looking for affordability.

Staffordshire standing out

A key sign of a healthy market is how long homes stay on the market before selling. In Staffordshire, homes are typically sold within 60 days, even with the election coming up. This stability indicates a steady demand and a balanced market. In contrast, homes in the wider West Midlands region take around 75 days to sell, highlighting Staffordshire’s appeal to buyers looking for quicker transactions.

Another interesting trend is the number of new listings. This May, Staffordshire has seen a 5% increase in new property listings, showing that sellers are confident despite the upcoming election. This is quite different from the broader West Midlands, which saw a 2% decrease in new listings, suggesting that Staffordshire is somewhat shielded from the election-related hesitancy affecting other areas.

Staffordshire’s appeal lies in its mix of affordability, great connectivity, and quality of life offering excellent transport links, making them perfect for commuters. Additionally, the local government has been proactive in supporting sustainable development, ensuring that new housing projects are paired with investments in infrastructure, schools, and public services.

In conclusion, while the announcement of a general election has introduced some uncertainty in the West Midlands property market, Staffordshire stands out as a stable and attractive area. With competitive prices, shorter market times, and a healthy number of new listings, Staffordshire is well-positioned to attract buyers and investors. As we move past the political changes, this county is likely to continue thriving, offering great opportunities for those looking to navigate the current property landscape.

C Residential

Globe House Upper Brook Street

Rugeley WS15 2DN

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• Average sales price: £230,000
• Average time on the market: 60 days
• Average rental price: NA
• Average commission on sales: NA