16 Nov Market sees biggest price reductions since 2012 – reports Rightmove
More than a third of home owners trying to sell have been forced to reduce their asking price. The number of reductions has reached its highest level since 2012, according to Rightmove. Amongst our local agents in areas such as Chalfont St Giles, Chalfont St Peter and Seer Green, there have been 18 reductions in the past 7 days. In some cases agents have reduced 100% of their stock.
It is usual to see price cuts in the lead up to Christmas, but this year it seems to have generally been a winter sale.
There is no doubt in our mind that it is a buyers market!