Homes have been selling for three per cent below their asking price typically in recent weeks, according to real estate company Zoopla.
For much of 2021 and the first half of 2022, the average discount that homes were selling for was zero per cent, 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 five to six per cent 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.”
