The Truth About The Corby Market In February.

"Once again during February we have managed to agree a sale every other day, supporting claims across the UK that buyer demand is increasing even though the economy as a whole moves further into recession. We have seen a doubling in buyer enquiries albeit from a very low base level set during the final quarter of 2008.

The buyers without doubt are being attracted into the market by asking prices being between 20% and 30% lower than their peak in the Summer of 2007. Buyers seem to have woken up to the fact that if they have their deposit set aside and a mortgage agreed, this really is a good time to buy, providing they are getting in their minds, a property at a greatly reduced price.

How quickly it has turned from a sellers market to a buyers market has astounded us! Sellers in denial attempting to battle against the market are simply failing and will continue to do so for some time.

We are by no means out of the woods yet, though we now know the figures we can and are able to sell homes for in these unprecedented times. Obviously many sellers are disappointed by what they are achieving and whilst we are understanding, sellers acheiving less are buying for less and therefore are not losing out.

Property seems to be selling at price levels previously seen in 2003/ 04, wiping off the 3 to 4 years growth in prices thereafter. As our business continues to succeed for our customers through giving honest advice we shall continue to need sensibly priced homes as we move through 2009. I do hope we can help as many buyers and sellers as possible negotiate successfully through this tricky market."

Tim Howe