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Local Market Update
What's happening to asking prices across South East London and North Kent
We wanted to share something worth knowing if you're thinking of selling this year, because the market has shifted in a way that makes a real difference to how you go about it.
There are more homes for sale around here than at any point since 2015. Nationally, asking prices fell by 0.6% in June, the biggest drop for that month in fourteen years, and close to a third of the homes on the market have already reduced their price. None of this points to a crash. But it does change one thing that matters a great deal: the price you choose to launch at now has more bearing on your result than almost anything else.
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−0.6%
biggest June asking-price drop in 14 years
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1 in 3
homes for sale have already cut their price
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Since 2015
the most choice buyers have had
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Let us explain what we mean.
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