What is the housing market like where you are at the moment?

[FluffyWuffyBunnies]

I'm in the SE. There seem to be a lot of properties coming on the market at the moment but not many sales happening (although the next month should reveal more about sales). There's still not a lot of choice though.
House prices have definitely risen significantly in the last few years.

In the East it's slow and sparse. There are a lot of £25k reductions going on. A lot of properties hanging around for a long time. And a lot of £25k price INCREASES if you can get that!! .

All in all. A bit depressing.

South East and it's crazy here. We sold our house almost straightaway for £10k over the asking price - £100k more than we paid for it in 2013. We are still in shock! However, the hike in prices has meant that we can't afford a bigger house here. We're moving back up north.

I've had to go back to the bank to beg for more mortgage and this is it I can't go any higher on my own.
Search area is now Maidstone to Dartford and I'm having to phone agents 3 or 4 times just to get into an open house the day it is listed. I really hope prices drop a bit or I will be priced out of the area I grew up in. I had a little cry last night at how hopeless this feels.

Anyone from SW? We put our house on the market 4 weeks ago. Live in small town in a 'sought after' road - agents got v excited when we said we wanted to sell and valued it at 40K and 55K more than we'd expected. We went with lower of the two, but have only had 4 viewings and not a sniff of interest. Really worried that its overpriced

Things have really slowed down here in Chelsea. A couple of massive status redevelopments on huge houses but rest is dead. However south of the river in Battersea is fast turning into a disaster zone. Huge amounts of flats not selling and thousands more being built. We had a brochure in our letterbox of 1-2 bed flats in the converted Battersea Police station priced at between £750k - £1 million. The brochure did not say it had 360 degree views of the council estates, strangely not selling. Prices are just going to continue falling here especially when the huge Earlscourt development kicks off and the Old Oak Common one.

Thames Valley area (Berks) - good school catchment, prices round here are mental. Rising by the month, ratty three beds with teeny gardens going for £500K+

Betty - I am quietly happy about what's happening in Battersea (and on a smaller scale, what's happening with the new-build towers around Lewisham that I see) - they were "ambitiously" priced to begin with, am bought mainly by foreign buyers who exchanged straight away but now find that they can't either sell to anyone else, or complete (because Chinese and Malaysian currencies have wobbled). Many of them might never have been lived in. This is pure speculation, and I'd to see them get their fingers burnt (and that is speaking as a homeowner and very small landlord!).

Derbyshire.
Houses in our immediate area are going on the market for days and selling.
Around here there are still cottages for £100k going up to properties over £1million. New builds are about £140k for 2 beds, £260k-£560k for 4/5/6 beds.
Lots around the £300k-£500k mark. Loads of big detached character properties, with land, nice views etc.
Prices are definitely going up, a house similar to ours sold on the first day for £75k more than we paid a few years ago.

SW London. I've just seen a 3 bed flat in Tooting, just reduced in one jump from £585k to £485k. It's over a shop and on a main road, so would obv. be far more likely to sell to a BTLer than an OO. Seems as if the new tax changes could be having an effect - the BTL buying frenzy the media have been on about coming to an abrupt halt.

The original price was mad anyway, but even Tooting has gone mental the past couple of years - or even more mental than it already was.

I'm rural south warwickshire and there are several houses in our village on the market between £400-700k but nothing is moving. There are mini-estate developments springing up in all the surrounding villages, similar prices, all being v slow to sell.

East midlands. Entry level properties are selling within a few days of coming on. These are say between 100-150k. It is crazy fast.

A town in the West Midlands here...it's crazy! Houses that haven't previously sold and been taken off the market, have now been put on at a higher price and sold within a week. We moved 2 years ago and estimate that our house would now be worth 30k more, based on similar ones selling. We do have an excellent, oversubscribed primary on our doorstep, an excellent secondary, very close to local amenities and a great park though which all make the area desirable.

Outer SW London. According to a neighbour who's been trying to sell for ages and whose Dh is an EA, it's pretty dead, nothing is selling. There is a lot of talk of Brexit being the cause, but if you ask me it's largely because everything is just TOO EFFING EXPENSIVE. First time buyers can't afford anything, , 2nd steppers can't move up, and so nothing's moving.

But I still see the most crazy, greedy, kite flying prices, from people who evidently think they can ask whatever they like and some mug will be daft enough to pay it.
Not any more, I think.

Fucking out of control! £550k for a small, 2 bedroom flat.

Lots of new builds here and that seems to be having as positive effect on the rest of the market. Why buy a new build when you cash have a bigger house for less money seems to be the reasoning. (Northants)

GETTINGLIKEMYMOTHER, we might be in a similar area.

It's starting to go a bit crazy again in Dublin. Tons of houses have suddenly come onto the market around where I live, it's mostly down-sizers who've been waiting for a good enough market to sell for a decent amount.

I'm in the SE and confused. Houses near me don't seem to be selling (hardly anything would be on the market for over 2 weeks last year, some have been on since Jan now!) but prices are not falling. We're looking at putting our house up for sale but now we are not sure.

East mids here
Not much property coming on market and what does come on sells very quickly and often for more than asking price

We bought in the slump in 2011 for £170k
Now valued at £240k
Madness

North west Manchester south - absolutely crazy, houses on market for days, over offers. We had to go out of area for my mum as we were gazumped in several due to good schools, etc. Current valuation for ours is stupid (no point selling as we couldn't afford the next house) no idea how anyone affords it unless they are moving up from the south.

Same as sherbetpips above. Manchester East
Houses going on for day-weeks at most... Then gone.
We're scanning the market now because we want to move but need to save more money because of the rate houses are going up at! Looked at a house recently that sold last year and is back up again now for 30k more no major changes just new carpets!!!

Sherbetpips & Goondoit ,
I'm also in south Manchester and agree the market is crazy . It's been a bidding war whenever something comes up for sale .
Dh and I went for an open house recently and there were 20 other parties viewing the same property . Several offers were put in before the open house ended. Madness...