Estate agent comparison site GetAgent.co.uk has reported that, over the past 12 months, the average home seller across England and Wales achieved 99.7% of asking price—a 1.2% increase compared to the previous 12 months. In some areas, sellers reached as much as 110% of their original asking price.
GetAgent analysed the percentage of asking price achieved for sales across each postcode in England and Wales, comparing the original listed price with the final sale price.
The top-performing postcode is Eden’s CA9, where home sellers have achieved 110% of their original asking price on average over the past year.
Sheffield’s S7, S6, and S11 postcodes also saw sellers achieving 107.4% and 107.2% of asking price, while Northumberland’s NE68 postcode reached 106.6%.
However, some postcodes saw a reduction in the percentage of asking price achieved, with Westminster’s SW1H seeing the largest drop, from 93.4% to 82.3%.
Colby Short, co-founder and CEO of GetAgent.co.uk, said, “It’s been a tricky period of adjustment for home sellers in recent months, as the heat of the pandemic market boom has faded and increasing interest rates have stifled the appetites of the nation’s homebuyers.”
Despite the challenges, Short noted that sellers who price appropriately for current market conditions have been rewarded with a higher percentage of asking price achieved.
