📍Reading Property Market Update | FEBRUARY 2025 🏡🥑
🍿 In the video I cover off everything you need to know about the Reading housing market, what happened in January and some of the 'why' behind it too!
Reading Property Market Update – February 2025
As we step into 2025, the Reading property market is showing strong signs of confidence, with significant activity in both new listings and sales. Here’s everything you need to know about the latest market trends across RG1 to RG31.
Market Overview
January 2025 has kicked off with promising figures:
293 new properties have come to market.
224 properties are already under offer – an impressive 76% success rate.
This suggests a buoyant market, driven by motivated buyers eager to move before the April stamp duty change. However, those looking to complete before April may already be cutting it fine, as the national average completion time is around six months.
Pricing & Sales Trends
In Q4 of 2024, the average sale price achieved versus the original listing price was 107%, with most deals being agreed within the first 14 days of marketing.
One in four properties (26%) were withdrawn from the market in January, often due to unrealistic pricing or changing seller circumstances.
62% of properties saw a price reduction before finding a buyer, reinforcing the importance of pricing your home correctly from the outset.
At Kiel Property, our unique selling approach ensures that on average, our sellers complete their sales £9,687 better offcompared to traditional agents.
Exchange & Completion Rates
97 properties completed in January, which equates to 58% of sales actually reaching completion. This means that just over half of homes that go under offer make it through to completion.
Our reservation agreements can significantly boost completion rates, taking them from 58% to over 90%, giving both buyers and sellers greater confidence in the process.
Why Choose Kiel Property?
Bespoke Marketing: Your home needs to stand out in a competitive market. We offer top-tier marketing strategies that get results.
Personalised Service: From the first viewing to completion, you get one dedicated expert managing your sale.
Real Local Expertise: Having grown up in the area and being a local parent myself, I understand the challenges families face when moving home.
Flexible & Accessible: I’m available on WhatsApp because I know a phone call isn’t always convenient—especially during a toddler meltdown!
Thinking of Moving?
If you’re considering selling your two, three, or four-bedroom family home in Reading and the surrounding areas, now is a great time to act. Contact me today for expert advice and a seamless moving experience. Let’s make your next move a success!
Kiel 🥑
Your Reading Avocado Property Partner,
Small Business Owner & Dad 🫶🏾
☎️ 07769 345 086
#rdguk #rdgtown #avocadoproperty #readingtown #dealintheding
