Even in a difficult housing market, January managed to be the best in a while for sellers!

Not many saw this coming…

What Affected the January Results?

Some market insiders are calling it the “Christmas Effect”.

According to Mike Brown, managing director of Crystal Clear Financial Services, “when rates increased through the Bank of England, and with the frequency of those increases, people put the brakes on moving, on buying, on doing anything. And so the market came to all but a slow crawl, edging towards the end of the year”.

So when some good news started emerging at the turn of year, such as the base rate increases may not go as high as expected, it offered encouragement to buyers.

The ‘wait and see’ strategy many buyers had adopted came to an end, as the market began to stabilise.

Then came the ‘Christmas Effect’.

The Christmas Effect that Saw Asking Prices Rise!

Families gathered around the dining table… Extra chairs squeezed in… Decorations cluttering homes…

During the festivities many people see their walls moving in on them, which acts as a catalyst to committing to a move in the New Year.

This is certainly just an opinion based on emotions from some experts in the market, but it’s easy to see the possible truth in the thought.

Do You Recognise this Feeling?

If you recognise the feeling described above and are considering a move in 2023, our advice is to plan ahead and engage with us early. This will give you the best chance of your desired result.

Contact us today to arrange a complimentary consultation.