Homes have been selling for 3% below their asking price typically in recent weeks, according to Zoopla. For much of 2021 and the first half of 2022, the average discount that homes were selling for was 0%, it said, meaning that properties were typically achieving their asking price.
The property website said it expects discounts to increase further in 2023. Its latest housing market report said: “History shows that when discounts reach 5-6% this points to flat to falling prices.
“It’s important sellers who want to achieve a sale are realistic on selling prices and speak to agents for the right advice for their home.”
