January 2025 Property Market Update – A Strong Start to the Year!
The property market has kicked off 2025 with a bang, and the numbers are looking incredibly positive! If you’ve been thinking about making a move this year, now might just be the perfect time. Let’s dive into the key trends that are shaping the market right now.
1️⃣ Buyer Demand is Up by 13%!
More buyers are entering the market compared to this time last year, showing renewed confidence in the housing sector. This increased demand means more competition for available homes, which is great news if you're thinking of selling.
2️⃣ Sales Agreed are Up by 12%!
Not only are more buyers searching for their dream home, but they’re also making offers and getting sales agreed at a higher rate than in January 2024. This is a clear sign that people are serious about moving, and well-priced properties are being snapped up quickly.
3️⃣ New Supply is Up by 11%!
We’re also seeing more homeowners taking the plunge and putting their properties on the market. A healthy level of new supply means buyers have more choice, but with demand still outpacing supply, competition remains strong.
4️⃣ Stock on the Market is Up by 10%!
More homes are available for sale than this time last year, which is helping to keep the market moving. However, with buyer demand exceeding new listings, well-presented and well-priced properties are still selling fast.
Prices Are Set to Rise!
One of the most exciting trends we’re seeing is that buyer demand is outstripping new supply, which naturally puts upward pressure on prices. This is fantastic news for sellers looking to maximise the value of their property in 2025!
Looking Back at 2024 – Key Insights
With January’s arrival, we now have the full picture of what happened in the property market throughout 2024. There are some fascinating stats that highlight how important it is to price your home correctly from day one.
🔹 Only 63% of properties that came to market in 2024 actually sold.
🔹 Of those that did sell, a massive 41% had to reduce their price to secure a buyer.
🔹 Homes that didn’t need a price reduction sold 14% faster than those that did.
What does this tell us? We are in a price-sensitive market. If you’re thinking about selling, it’s crucial to work with an agent who does their research, brings solid comparable evidence, and gets the price right from the start. Overpricing can lead to delays and price reductions, which ultimately make your home less appealing to buyers.
Thinking About Moving? Now’s the Time!
With demand soaring and prices set to rise, 2025 is shaping up to be an incredible year for the property market. If you’re considering a move, now is a fantastic time to get the ball rolling.
📍 Want to discuss the process?
📍 Need a professional, research-backed valuation?
Click the link below to book a chat – I’d love to help you get moving!
🚀 Let’s make 2025 your year for a successful move!
Warm Regards
Clint Nykamp
Owner