House Sellers Drop Asking Price
According to new statistic released by the website rightmove, homeowners dropped their asking price by an average of £3,797 which equates to 1.6% in the past month.
However the number of unsold homes on the market hit a record high this year as 70% of homes have failed to sell.
"Many equity-poor aspiring sellers will be trapped in their current homes, either unable to come to market or stuck on the market and unable to reduce to a price that will attract buyer interest," explained Miles Shipside of Rightmove.
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