April Property Market Update for Irlam and Cadishead

We head into May and the Kings Coronation, did April suffer any fools in the housing market. Welcome to the April edition of the Irlam and Cadishead Market report. As a leading estate agent in Salford we always aim to provide information that home buyers AND property sellers would find interesting.

Lets jump straight into those ever important stats.

There were 26 houses put up for Sale in April, compare this to last year where there were 37 home sellers looking for a sale. With Oliver James listing 13 of the 26 houses, an amazing 50% market share, I appreciate being given the opportunity by so many home sellers.

Next up we have sales agreed – 15 home sellers accepted an offer compare this to 2022, that figure was 26 homes. I am in open negotiations with 4 buyers so this figure will hopefully jump a little bit next month.

Tip of the month – Thinking of marketing soon……As the clouds clear make sure to give that driveway a quick jet wash before photos and would be buyers call round.

Lets talk reduced properties which was a big indicator last month that the market was correcting itself. With 13 reduced properties last year and 44 last month. April saw 20 reductions. So not too bad at all…..Does this means the market is finally settling? Perhaps.

Average views online for the m44 area last year was 120.6 views per day, per property. With oliver james average being 149. This year it’s a great indicator of how many buyers are out there looking with the area currently averaging just 42.6, views per property, per day. With oliver james averaging 63.1. So positive that I am achieving above the average for the area but the online views are a 1/3 down.

Lets finish up with the final stat April saw 173 available properties compare this to last year where there were 90.

So lets summerise. A lower amount of houses being put up for sale, sales agreed is down on last year, but reductions have settled down. The average views online for me is the best indicator this month showing that online views are a 1/3 of what they were last month.

This explains the market, there are buyers out there, there just less of them.

Have a great May everyone and no doubt I will see you again next month.