WHY ARE HOUSES SELLING?
You will have noticed that there are a reasonable number of sold boards around at the moment, particularly in popular areas. If you only read the mainstream media, then you would be forgiven for thinking that it is impossible to sell houses in the current market. This is obviously not the case but there are some seriously restricting factors to the market and that is why the majority of pundits seem to be erring on the side of caution.
This misconception was brought into sharp focus by our recent survey of properties in the Selby area. It showed that if you were selling with Preston Baker (www.prestonbaker.co.uk) you had a 24% chance of having a sold board at any moment in time. The nearest competitor was at 16% and the worst was around 2.5%. This data was taken from a survey of properties on Rightmove on 31st January 2012. What this goes to show is that radically different results can be achieved in the same market at the same time.