It is only a few weeks until the daffodils will start appearing and the spring rush will begin. In the meantime the post new year rush is firmly underway with many people actioning their new year’s resolutions to move. If you are considering selling your property in King’s Lynn then it is currently a great time to do so.
By regularly examining the facts and data, we provide valuable insights to property sellers and buyers, helping you make informed decisions in the ever-changing King’s Lynn property market. Let’s take a look at the property market in King’s Lynn during January.
There are currently 384 properties available on the market in our area. This is an increase of 33.3% compared to the same month last year when there were 288. In December, there were 329; In November, there were 387; in October ‘23, there were 391; and in September, there were 387 properties available on the market in our area. This is great news for buyers, as the increased amount of choice means that it is easier for buyers to find properties that match their preferences, budget, and specific requirements.
There has been a steady flow of properties coming onto the market each month. In September, there were 78; in October, there were 52; in November, there were 64; in December, there were 36; and in January there were 84. This is normal for this time of year as during December many buyers and sellers are preoccupied with festive activities. When January comes their attention returns to buying/selling their home,
In January, 71 sales were agreed in King's Lynn; in December, 36 sales were agreed: in November, there were 59; in October, 52 sales were agreed; and in September, 46 sales were agreed. The property market in our area has remained buoyant and shows no sign of quietening down.
In September, we saw 74 price reductions across King's Lynn. In October, there were 63; in November, there were 33; in December, there were 40; and in January there were 47. When properties are priced properly, they sell quickly. Setting an unrealistically high asking price at the outset can delay your move by several months.
In September, there were 192 slow movers in King's Lynn. This is a property that has been on the market for 12 weeks or more. In October, there were 222; in November, there were 288; in December, there were 218; and in January, there were 234.
Slow movers can often be due to the 3 Ps: presentation, promotion, or price. We are proud to be one of the top agents in the area, with the smallest number of slow movers. Choosing the right agent for your property can make a very real difference in achieving your moving plans.
In September, each property in King's Lynn had an average of 50.4 daily views on Rightmove per property. The numbers stayed steady throughout October when there were 47, and during November, when there were 50.9. In December there were 45.3. In January, there were 74.1.
Average daily views per property on Rightmove for properties listed by My House Online were 90.1 in January, which was 21.6% higher than average. We are pleased to consistently deliver above-average results for our clients. It shows the difference your letting agent can make when it comes to attracting the right tenant to your property.
If you’re looking for further information about the King's Lynn property market, or if you’re thinking of selling or buying in the area, please don’t hesitate to get in touch. You can call 01553 670179 or email office@myhouseonline.co.uk.