West Bridgford Property Market Update: January 2017

West Bridgford property expert Andy Smith looks at January 2017 and ahead.

The following information will give a guide to the past activity in the property market in and around West Bridgford.
The video commentary will explain the figures, discuss events that are present and affecting the market, whilst predicting what we are likely to see moving forward.

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The current average property prices are as follows;

Property prices have remained broadly constant over the last month. The reason for is the continuing low level of available houses to buy on the market, however, this is set to change over the next couple of months as we see more property come to market.

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The following chart shows the progression of properties coming to market and selling over the past six months. This establishes a trend for the expectations of the property market.

Summary
The number of instructions and sales has increased substantially since December, sales are lagging a little because of the low levels of starting stock, which is normal for this time of year. The rate of increase over the next couple of months will set the tone for the whole of 2017.

All figures have been researched from a number of property websites including Rightmove and Zoopla.