Ian Shares 3.5 Tips & His September Property Market Forecast
As we approach the end of 2024, I’m sharing key insights into the property market. I'll cover how long it takes to get an offer, current house price trends, and the latest on mortgage rates, plus a bonus tip for those looking to move before Christmas.
As we approach the end of 2024, it's important to understand the key factors shaping the property market. In this 2 minute video Ian talks about this month's forecast, essential insights and stats impacting your property price today. Let’s dive in!
1. How Long Does It Take to Get an Offer?
If you're thinking about selling, timing is crucial. Ian explains that it currently takes an average of 28 days for a property to go under offer if priced correctly from the start. However, if the price has been reduced, this timeframe can extend to 73 days. The key takeaway? Pricing your property accurately at launch is more important than ever.
2. House Price Trends as 2024 Ends
What can you expect from house prices as the year draws to a close? Ian shares the latest projections, with average house prices expected to rise by 2.5% by the end of 2024. This points to a stable market, with growth in line with inflation, providing a reassuring outlook for homeowners and buyers alike.
3. The Latest on Mortgage Rates
Mortgage rates have been a hot topic throughout the year, and the good news is that they’ve dropped by an average of 23% compared to six months ago. Ian breaks down what these lower rates mean for you, whether you’re buying your first home or refinancing. With some rates now starting as low as 3%, there’s a lot to be optimistic about.
3.5 Bonus Tip: Moving Before Christmas?
If you’re planning to move before Christmas, now’s the time to act. Ian introduces Avocado Property’s AI-driven tagging strategy, designed to match sellers with buyers who are ready to move quickly. This innovative approach means you can connect with the right buyer without relying on traditional platforms like Zoopla or Rightmove.
Remember, the property market is constantly evolving, and staying informed is essential for making the right decisions. Ian’s latest update is your roadmap to navigating the end of 2024 in the ever-changing property landscape.
Stay tuned for more knowledge bombs and advice regarding property current affairs.