Is 2022 Going To Be Our Busiest Year Yet?

Over the past two years, we have seen record-breaking results in both the volume of properties coming onto the market and sales prices achieved for our sellers. Despite two years of uncertainty with the COVID-19 pandemic, which caused huge disruption to the selling and buying process locally, both sellers and buyers alike have persevered, and we are seeing a higher demand for properties in the local area than ever before.

Rightmove have confirmed that January 2022 was the ‘busiest-ever start to a new year for the housing market’ and we can personally confirm, that January of this year has seen the highest level of sales agreed for several years.[1]    

Across the UK, we have seen the largest increase in property prices in over 20 years, causing the average sale price of homes to rise by £7,785 in January alone. On top of this, average property prices have increased by almost £40,000 in the past two years, since the start of COVID-19.[2] 

If COVID-19 taught us anything, it taught us to take time to reflect on what we want in life. For many people, having a larger house in an area they want to reside, with a bigger garden has been a top priority for people during a time where they were unable to spend money on other luxuries such as meals out and holidays. 

The demand for properties in Kings Heath, Moseley and Stirchley remains greater than the supply available to buyers, which could result in another record-breaking year this year, with sellers receiving higher offers on properties than ever before in the local area. 

In January, we agreed sales on fourteen properties, with ten properties selling at the guide price or over.  This is a confident indicator that we may continue to see increases in property prices locally this year. 

 

If you are considering moving this year and if you would like to know how much we think you could achieve on the sale of your house, please do get in touch and we would be delighted to discuss your onward plans and the sales process with you.     

 

[1] Rightmove, February 2022 – Why do house prices keep rising? | Property blog (rightmove.co.uk)

[2] Rightmove, February 2022 – Why do house prices keep rising? | Property blog (rightmove.co.uk)