What is really going on in the Tilehurst & West Reading property market?

Spring is here – but what is happening in the property market

Lauren and Ryan’s Property Market Update for April

Property and Listings Boom

April saw a surge in average house prices, reaching £374,000. Additionally, there was an increase in new property listings on Rightmove, with 155 fresh listings, marking an incredible 40% increase from February.

Sales Buzz and Adjustments

Sales activity gained momentum, with 118 new sales agreed, a significant increase from 89 in February. Despite the rise in sales, there was a slight decrease in price reductions, indicating shifting market dynamics.

Clarifying Misleading Headlines

Recent headlines suggests a significant decline in house prices since 2009. However, upon closer examination, the decline was more modest at 1.1% in March, contrasting with the 3.1% reported for the Southeast region.

Demand Insights

Demand remains strong, especially for three and four-bedroom semi-detached houses priced between £350,000 and £450,000. If you're considering selling within this sought-after range, our team is ready to provide expert guidance tailored to your needs.

If you are considering selling your home in Tilehurst or West Reading, we’d love to speak with you

07731 105514 / 07552 040408

laurenandryan@avocadoberkshire.co.uk

Lauren and Ryan

If you’re thinking of moving and would like a valuation book here or to complete an instant valuation, complete here.