How's The Solihull Property Market Dom? - Week 21, 2023

This week I take a look at the all important statistic of sales agreed vs. new properties to market.

Why is this important? Well, when you are in an active market, what is listed, sells - you often find that more sells than comes to market.

However, when the market changes and agents fail to adapt, they get caught short - they continue to list at unachievable prices and as such that percentage widens - so much so that this week it has been at 75% compared to 103% for the same period last year.

There is so much more to achieving the successful sale of a house than sticking it on Rightmove and considering it 'job done' - yet so many agents still fail to get the basics right - poor photography, no floor plan measurements or worse still, no floor plan at all. It is not all doom and gloom, and whilst I feel let down by those within the industry - the market, when priced correctly is still incredibly active.

If you are reading this, on the market and attracting very little interest - ask yourself this, is your agent doing enough?

As always, I am available on 07595 903 811 should anybody wish to discuss the market and how we at DM & Co. can help you to achieve your goals whether they are on a sales or lettings basis.

Until next week...

All the best,

Dominic 

P.S. - Thank you to those that continue to engage, send messages and ask questions. To the agents that continue to doubt my data, it is all recorded and filed at my office if you would ever like to take a look - you are welcome :)