How is the Amber Valley property market performing so far in 2019?
2019 is well and truly under way, and as the days begin to lengthen, I thought it would be a good time to take a look at how the property market has performed in our local area over the first few months of the year.
The talk amongst various property professionals over the last few weeks has been that ‘there isn’t much stock on the market’ so I thought I’d do a bit of research and see what is actually happening in Amber Valley so that I could tell you about it.
Overall the areas of Amber Valley performed well in 2018 with approximately 5600+ properties sold in the borough over the course of the year. The monthly average remained relatively stable throughout 2017 with NG16 selling the highest number of properties, on average, 35 properties per month, which has decreased considerably from an average of 71 per month in 2018. However, when we take a look at 2019’s figures, to the date of writing this article, for the first quarter of this year all the areas of Amber Valley have struggled to maintain the same average number of sales that they had last year.
Although the political climate so far this year hasn’t been the best for house buying/selling, agents with properties currently on the market will be hoping that the market begins to improve throughout the prime buying months of May and June.
As we assess the first months of 2019 more closely the postcode areas appear to be continuing with the current trend, with DE55, DE5 and DE7 having had maintained a similar average to last year, but DE22, DE56 and DE4 have had a considerably lower number of sales per month than this time last year.