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Supply Exceeding Demand Where I Live (wolverhampton)

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Hello All,

Just some news you may be interested in......

Although it is said that house prices are still on the increase, there is firm evidence that in my area, supply if far exceeding demand in previous months.

With new build (overpriced) flats (labelled 'apartments' :lol: ) and many SOLD signs re-appearing as FOR SALE, it is evident that people just are not buying!

I have not got too many statistical details recorded, but I have been doing a simple regular search for properties in my area (WV4) on rightmove for about 8 or 9 months now, and the number of properties for sale has increased from 85 to over 160!! However not many of the prices have decreased (but some have! :P ) even though certain proporties have been on the market for over 6 months.

I wonder how long it will be before people get impatient and start to reduce prices? <_<

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
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      • Even
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      • up 5%

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