Zooplas latest update suggests demand for property is up +29% year on year yet supple is down -20% (we have certainly seen this at Forbes Estates)
The simple result of that imbalance between supply and demand = national prices increased +4.1% so far this year to April.
The upward trend is very regional though…
Zoopla expects total sales completions this year will be 1.52 million. This would mark 2021 as one of the most active sales markets since the global financial crisis, and as one of the top ten busiest years since 1959.
Below is a 12 month snapshot from the local Chorley property market:
Last 12 months total sales 866
Average price £205,978
Current average value £203,538
Value change +7.05%
I hope that this was helpful. Remember, if you need any help or advice regarding your property move, you can book an advice call with one of our expert local agents on 01257 273324 or email email@example.com.