Is it a good time to sell a house in the UK? Our market update

is it a good time to sell a house uk
Written by Mitchell

Is it a good time to sell a house in the UK?

Pearson Ferrier Director, Mitchell Pearson, shares his insights into the current climate of the UK property market and offers a message of reassurance to homeowners who might be looking to sell…

In times of market uncertainty, it’s easy to be swayed by alarming headlines about the state of the housing market. While headlines can hold some truth in them, they rarely tell the full story – which is why we’d like to reassure you that there are still many people selling their homes successfully and profitably.

The truth is that while property prices have fallen from their peak – predictions of a dramatic drop simply haven’t materialised. This is particularly true in the North West, where recent statistics show the average property price has actually increased by 0.4% over the last year.

How property prices have changed between 2022 – 2023

Is it a good time to sell a house uk? Statistics show that price houses aren't dropping as dramatically as expected.

Source: UK House Price Index, 18 October 2023. Monthly data not available for N. Ireland, figures are released each quarter.

These figures should be reassuring for many of our clients across Bury, Ramsbottom, Radcliffe, Prestwich & Whitefield.

However, we understand that your home is not just a financial asset but that it holds sentimental value as well. That’s why our commitment is not just to facilitate a sale, but to help you make informed decisions that protect your asset’s financial and sentimental value. 

Let’s be candid: life does not come to a standstill because of market conditions, and often the decision to sell a property is influenced by significant life events. Whether that’s a growing family, a new job, or retirement. These milestones don’t pause for market fluctuations. You still have responsibilities to meet and a life to lead, and we understand that. 

We recognise that selling your home is often a step towards your next life chapter. Whether you’re upsizing, downsizing, or relocating, these are deeply personal decisions that go beyond mere market timing.

The truth is, there will always be buyers who are in a similar life situation and need to make a purchase, just as you need to sell. Our role is to connect you with those buyers in a way that meets your needs and timelines, regardless of broader market conditions.

Please don’t hesitate to get in touch if you are interested in selling your house. There is much more complexity than the headlines would have you believe – and we’re confident we can help you begin your next chapter with ease.  

Mitchell Pearson (Director, Pearson Ferrier)

Do you know what your home’s worth?

We offer a free, no-obligation market appraisal, which will be followed up with a comprehensive property valuation report.

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