Home sales still achieving over 99% of asking price
Average homeowners across England and Wales are achieving 99.4% of their asking price despite growing financial pressures in the wider economy, up 2.4% when compared to the same timeframe last year.
Newly released research from estate agent comparison site, GetAgent.co.uk, analysed data from all of the major property listing portals which are then cross-referenced with the Land Registry using their proprietary algorithms and input from partner agents, to see where sellers have achieved the best price for their property compared to the price they listed it for sale at.
Current market performance
At 99.4%, the average home seller in England and Wales is achieving 2.4% more for their property when compared to this time last year. However, in no less than 41% of postcodes, sellers are achieving 100% or more of their asking price expectations.
Best performing postcodes
The best performing area of the market is the PL34 postcode in Cornwall, where sellers are achieving a huge 119% of the asking price so far in 2022. Not only is this the highest level of asking price achieved of all postcodes in England and Wales, but the area has also seen the largest increase, up 21.2% from this time last year.
In fact, nine of the 10 strongest performing postcodes have also enjoyed the largest annual improvements.