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Is the housing market becoming a buyers' market - Bolton estate agent's view
Is the housing market becoming a buyers' market - Bolton estate agent's view

Yahoo

time06-07-2025

  • Business
  • Yahoo

Is the housing market becoming a buyers' market - Bolton estate agent's view

A total of 61 per cent more homes are on sale in Bolton compared to three years ago, a local estate agent says. Harrisons Estate Agents says 121,665 sales were agreed in May 2025, compared to 114,452 sales in May 2024, and 98,609 in the same month in 2023. Estate agent, Clint Hibbert, said: "At first glance, that number stands out. More homes. More choice. "But that's only half the story. Although the number of properties for sale locally has increased significantly since 2022, the number of homes selling has also increased." More: Houses selling in just 35 days amid 'strong demand' across Bolton More: Bolton home with 6 bedrooms and 2 reception rooms on market for £725k More: More than 100 affordable homes coming to neighbouring town Nationally, regionally, and locally in Bolton, activity is up, prices are fluid, and buyer behaviour is evolving, Mr Hibbert adds. He explained: "This isn't just a market with more homes for sale; it's a market on the move. If you're buying, selling or just watching from the sidelines, the first half of 2025 has delivered some telling trends that every Bolton homeowner needs to understand." What does it all mean for Bolton homeowners though? Mr Hibbert added: "House prices are roughly stable; however, if you are selling, you face increased competition. "Fifty-six per cent of properties that have left UK estate agents' books since January 1, 2025, have had their owners sell, exchange contracts, and move, with the remaining 44 per cent being withdrawn and unsold. "This means that you only have a roughly one in two chance of selling if you put your home on the market. Therefore, accurate pricing is more critical than ever, but it isn't the only factor."

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