Are sell­ers ask­ing for too much?

Yorkshire Post - Property - - PROPERTY -

SELL­ERS have pushed their ask­ing prices up this month to the high­est level for nearly three years.

Right­move say that ask­ing prices for prop­erty new to the mar­ket now av­er­age £238,874.

Ask­ing prices are now only marginally (1.5 per cent or £3,626) be­low their all-time high recorded at their peak in May 2008.

How­ever, more prop­er­ties are fail­ing to sell and av­er­age un­sold prop­er­ties per branch rose from 74 to 76 in the last month.

Right­move’s Miles Ship­side says: “The in­crease in agents’ prop­erty stock lev­els, com­bined with a re­duc­tion in the num­ber of prop­er­ties com­ing to mar­ket, sug­gests that the num­ber of buy­ers has fallen even faster than the num­ber of sell­ers.”

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