Data Says Houses Sold In 14 Days Most Likely To Achieve Asking Price

A report by the HomeOwners Alliance has indicated that homes sold exactly 14 days after being listed have the highest chance of achieving their asking price.

They say that a home sold in this time typically achieves 99.4% of its asking price.

After one month, a property achieves around 98% of the asking price, this drops to 91% after two months and 90% after 3 months. Based on average house prices, this would amount to a £5000 price drop after one month and over £20,000 after two months.

The HOA Chief Executive said:

“This illustrates how important it is for sellers to get the price right when listing a property. A good estate agent will help you do this…”

You can read more about this story on Estate Agent Today here.