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2015 In review - Sales

Posted on Wednesday, January 6, 2016

''The 2015 sales market was really a year of two halves. The first 6 months of the year were very steady and we saw prices rise slightly between January and June, there was also still a very consistent level of new property coming to the market. However, from July onwards the sales market really took off and prices starting escalating at levels not seen for nearly 10 years.

As we headed towards Christmas it became apparent that this trend was likely to continue into 2016 due to low levels of new property coming to the market in the final few months of 2015. This expected continuation of the last few months has proved to be correct in the first few days of 2016 as we are currently dealing with offers on no fewer than 10 properties through our Leicester West office.

The question now is how will 2016 pan out? Will the lack of available stock continue to cause prices to soar or will the increased activity witnessed in the last 3 months encourage more sellers to the market place to balance out the supply issue? It will be interesting to see where we are come the start of March as the housing market gears up for its traditional busy period.''