Captain_Caveman

Going to have to pay top dollar for some tat in Berkshire as market is showing quite a bit of selling activity and available property listings have been in decline in the last week or two. Set myself a target of looking and offering from June as I could be dead before we see any meaningful downturn!!

Agree. In Berkshire, listings have fallen 6 days straight 😩. Where's all the money coming from??

Number of listings dropped 4 weekdays in a row. Where's the surge in listings in Berkshire? My 10 mile radius constitutes 314 square miles, so quite a representative area in Thames Valley.

400-650k listings for my 10 mile radius of Bracknell in Berks still below high seen 2 weeks ago so no surge in what was a white-hot area in covid times.

Stuff is selling in Berkshire. Zoopla shows around 18% of 400-650k properties in surrounding towns going SSTC in last 30 days. During the covid frenzy, I read that this number went as high as 60%. Apparently, around 30% of transactions are failing so some of these will come back on the market. Seeing near year highs of listings, but not the inexorable rise I would expect. I mentioned this on another thread. Not such if lots of properties are being pulled as % sold in last 30 days is low in comparison to new listings daily so something doesn't compute.

I think Reading is a hot area (it is on Elizabeth line and hub of IT industry). Anyway, a look at Zoopla shows a general trend as follows in towns near me. The fields read as follows: Town/properties SSTC out of listings in last 14 days and as a %, and same for last 30 days for 10 mile radius of town, 400-650k: Reading 55/620 8.90% 116/499 23.20% Bracknell 77/950 8.10% 217/1295 16.80% Woking 79/1044 7.60% 191/1171 16.30% Wokingham 74/895 8.30% 171/914 18.70% Farnborough 51/694 7.30% 137/758 18.10% Camberley 62/821 7.60% 166/925 17.90% Cheers I think these figures must be encouraging for cash buyers. They show selling is happening at a reduced, post-covid frenzy, but I'm wondering how Zoopla typically shows 20 properties a day listing but that after 30 days, only around 17-18% have gone SSTC. The numbers don't seem to compute. I would have expected listings to be on an inexorable rise, but I'm seeing supply numbers at a near high, but not consistently rising. What am I missing (apart from a life!)?

It does, but I'm not😀. I think it is more my part of Berkshire as checking further down towards Newbury shows a lower percentage SSTC. Perhaps I'll buy down there.

Hi all, As have previously mentioned, I'm focusing on a 10 mile radius of Bracknell in Berkshire, with price range of 400-650k, so this is quite a large catchment area. Today, using Rightmove marks the highest selling figures as a percentage in the last 14 days so far this year. Checking today, shows a spike from around 6-7% to just over 10%. Bit depressing, but it just proves that more people are getting sales over the line that at any time this year. Would be good to hear others' findings. Cheers

Still seeing steady selling pressure in Berkshire. Around 7-8% of properties in 500-650k band are SSTC within 14 days. Supply on an upward trend but no more than that. It still looks like a long, drawn-out shallow decline. As always, hope I'm underestimating!

Not the case here. Within a 10 mile radius of me in Berkshire, covering a number of major towns, nearly 8% went SSTC in last 2 weeks when checking band 500-650k. This is the highest percentage since earlier this month. I want the market to crash but it's clear there is steady selling going on, although properties listed are also at a near high. It's hard to work out the direction of the market. It's clearly dropping, but not at a great degree. Without any props or real dip in interest rates, it seems, at best, we're into a long period of prices drifting downwards. Clearly, I hope I'm wrong.

New all time high today of listings (since last September when I started). Seeing steady selling, but being offset with a number of properties being pulled and steady supply coming on, and this is a very cash-rich (not me!) area.

My metrics within a 10 mile radius of Wokingham, Berkshire show the greatest number of houses being pulled/sales fallen through than I have seen since I started tracking data last autumn. Today also represented a new high in properties in my 500-650k price band on the market. I was just starting to lose the faith but it almost seems there was a mini surge in buying activity in January and that this has been subsiding slightly in March. The last 2 weeks seems to show the highest number of fall-throughs. Hoping to see a bit of a trend...

Good point!

Where I am in Wokingham, Berkshire, supply had been creeping up the last couple of months, but there is constant buying demand now, albeit at a lower, non-covid rate, and I've noted that supply seems to be matching demand for now. I'm a cash buyer planning to buy in the next 3-6 months as I could be dead before we see a crash of any sort. I hope to be wrong, of course (on the crash part!)

Hi all, been reading the forum for a few weeks and really appreciate seeing different viewpoints. Anyway, I'm new here and looking to buy within a 10 mile radius of Wokingham in Berkshire. Currently renting and looking at the 500-650k band of detached bungalows or houses. I was planning to hang on for some more time but getting a bit impatient as my daily RightMove/Zoopla checks show sales are still churning through, albeit at a reduced rate and supply seems to be being met with some demand. Just wondering how the demand is sustained. I was hoping the downturn would outstrip my rent, but not really seeing this play out just yet. Anyway, I think my plan (mostly a cash buyer)will be to offer on an already-reduced property that is not in a chain and should the housing market collapse (a protracted drift down seems most likely trajectory to me), then choose to pull out or negotiate a further reduction. Interested to hear all viewpoints!!