As another month ends the housing market has been pretty non-eventful but buyer confidence appears to be improving as sales across the UK have increased compared to last year.
According to Rightmove data, 350,146 sales were agreed in the first 15 weeks of 2024, compared to 394,336 sales in the same period of 2025, an increase of 44,190 across the country. This upturn in sales shows confidence is being slowly restored.
Across the UK, 21,206 prices were reduced in the first 15 weeks of this year which shows that asking prices tend to start off bold and sell once reduced to the correct price.
On a local basis, 783 sales were agreed in the NN8, NN9 & NN10 areas so far in 2025, however 548 properties were also reduced in price. This illustrates the need for accurate pricing and valuations and proves the point if the property is priced correctly, it will sell.
Buyers have more tools and resources at their disposal to research the market and in most cases are able to identify an overpriced property, these tend to stagnate until they are reduced to the correct values.
House prices are not dropping, asking prices have increased and reductions have become more commonplace to eventually secure a sale.
Accurate valuations and asking prices are the key to sales as buyers are definitely out there, they just want to pay the right price.