Autumn bounce to follow slow August

Tim Bannister, director of property science for Rightmove, reports that it has been a slower than usual August.

He attributes this to a combination of the Bank of England interest rate rises, plus many buyers and sellers still catching up on lost pandemic holidays. And it was hot!

Although these factors have contributed to a bigger than expected summer lull, Rightmove is still anticipating an autumn “bounce.”

Mr Bannister says “As we enter a key selling season, more people who have been thinking about what they need from a home, and where they want to be living next year and beyond, are taking action and coming to market.” 

“This has helped to improve buyer choice, especially for those looking for larger homes, which also means that new sellers in the middle and upper sectors need to be extra careful not to set their price expectations too high.

Plenty of sales are being agreed for properties that are priced at the right level”

Amanda Brice, Malvern Sales and Lettings Director, tells us that August was unexpectedly busy here, and that properties are selling well again. "We are short of properties to sell and would welcome fresh homes to market."

For a no obligation market appraisal on your property please call Amanda on 01684 575100 or James in our Worcester office on 01905 26664, or use the contact form on the website by clicking on this link Contact (plandj.co.uk)