Two numbers tell you everything you need to know about the housing market right now. The first is 36. The second is 127.
The first figure is the average number of days it takes to sell a home in England and Wales, if no price reduction is required. The second is the number if a price reduction is made.
In other words, the first number is if sellers price realistically while the second is if they’re living in a fantasy.
At the moment, many sellers are pricing at 2022 levels in a 2026 market. But buyers, tired of being told to act fast, have noticed there are a lot of homes for sale – the highest number for this time of year in over a decade.
They have decided they can take their time, make lower offers, and play the waiting game.
