We were pleased to read a couple of days ago via Rightmove that the Yorkshire and Humber area have seen a 5.1% increase in house prices year on year.
Miles shipside, the Commercial Director of Rightmove commented:-
“Owners coming to the market this Spring face the best-selling prospect for several years with good demand for the right properties at the right price
However, he also warned that “sellers should be careful not to get carried away with their pricing, as this still is a price sensitive market with stretched buyer affordability – those who overprice miss out on a window of activity that could run to at least the next Brexit deadline at the end of the year”
We totally agree with his sentiment on pricing, and although at David Phillip Estate Agents we price competitively, we also want to be realistic too.
Some agents often over-price to win an instruction, only to see a price reduction after a couple of weeks.