According to Rightmove’s latest House Price Index, the number of properties available for sale is at its highest level for this time of year since 2014, while buyer enquiries are 9% lower than they were a year ago.
This doesn't mean buyers have disappeared. Rather, it means they have more choice, are taking their time and are becoming increasingly selective about where they spend their money.
For sellers, this makes the way a property is priced, presented and marketed more important than ever.
More choice means more competition
With more homes available, buyers can afford to be discerning. They are comparing properties, weighing up their options and considering which homes offer the best overall value.
Research from TwentyEA provides an interesting illustration of how the proportion of properties agreeing a sale changes across different price brackets.
In October, approximately:
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One in eight properties marketed between £250,000 and £500,000 agreed a sale.
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One in ten properties between £500,000 and £750,000 agreed a sale.
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One in twelve properties between £750,000 and £1 million agreed a sale.
These are national figures, and every local market has its own characteristics. However, they highlight an important point: as asking prices increase, securing a buyer can become more challenging.
For sellers across Dartmoor and the surrounding South Devon villages, understanding the local competition is therefore essential. Buyers may love the location, the views or the character of a property, but they will still consider how it compares with other homes available to them.
Getting the positioning right from the outset can make a significant difference.
Buyers are watching their budgets
Affordability remains a key consideration for many buyers. Mortgage costs, household finances and wider economic uncertainty all play a part in shaping buying decisions.
Following the October Budget, buyers will also be considering what the economic outlook means for their finances and future plans.
Here across Dartmoor and the surrounding South Devon villages, we continue to see the appeal of the lifestyle our area offers. From pretty market towns and traditional village properties to homes surrounded by open countryside, there is plenty to attract buyers to the region.
However, lifestyle alone isn't always enough to secure a sale. Buyers are understandably weighing up value, condition, location and the ongoing costs of running a home.
That doesn't mean they are unwilling to buy. It means sellers need to give them confidence that a property represents the right choice.
A fresh approach can make all the difference
At Sawdye & Harris, we've always believed that selling a home involves much more than simply advertising it online.
When a property has been on the market for a while, it's important to take a fresh look at how it compares with the alternatives now available.
Has the competition changed? Are there new properties attracting attention? Does the asking price still reflect the market? And is the marketing giving buyers the best possible impression of the home?
Sometimes, the answer may be a review of the asking price. On other occasions, refreshed photography, improved presentation, a revised property description or a carefully coordinated marketing relaunch can help generate renewed interest.
A price adjustment on its own isn't always the complete answer.
It's often the combination of realistic pricing, thoughtful presentation and proactive marketing that makes the difference.
Our role is to look at the bigger picture, understand how buyers are responding and advise on the steps most likely to improve your property's position.
Looking ahead to winter
As the seasons change, the way we present properties becomes increasingly important.
Warm, welcoming interiors, inviting photography and a clear focus on what makes a home special can all help buyers imagine themselves living there.
Winter can sometimes bring quieter viewing periods, but that doesn't mean there aren't serious buyers looking to move. Some will be hoping to find a home before the new year, while others may be planning ahead for a move in the months to come.
If your property is already on the market and enquiries have been slower than expected, try not to feel disheartened. Feedback, including a lack of enquiries, can tell us a great deal about how the market is responding and whether something needs to change.
This is why we believe regular communication and honest advice are so important. We'll continue to review buyer activity, assess the competition and provide considered recommendations tailored to your individual circumstances.
Is your property standing out for the right reasons?
The current market doesn't mean you can't achieve a successful sale. It simply means that getting the details right matters.
With more choice available to buyers, your property needs to offer the right combination of price, presentation and appeal to encourage someone to take the next step.
At Sawdye & Harris, our focus remains on ensuring your property isn't simply on the market, but genuinely in the market.
If you're thinking of selling, or your property has been available for a while and you'd welcome a fresh perspective, we'd be delighted to have a conversation.
After all, it only takes one buyer — but we need to give them every reason to choose your home.