What's the market like where you are?

[JammyDodgers75]

North Wales based. I'm a FTB and have been trying to get on the ladder for the best part of a year. I had a purchase fall through September last year after 3 months then decided to take a break for a while. Around the time I started looking again, prices shot up and most properties were over my budget. I've put an offer in on one house since then but it went to best and final and my offer wasn't accepted. I keep getting different opinions/advice from family/friends. Some say to wait as prices will drop and others have said to try and buy somewhere sooner rather than later as it will only get harder. I want to wait which might be risky, who knows. I've noticed that the market is slowing down a bit now. Prices are still crazy around here but a lot of them are either reducing or sitting there for ages with no interest. Do you think prices will come down? I'm sure this question has been asked a 100 times already but I'm curious to see what other people think. Of course we can't predict the future but I'm hoping by waiting it will pay off. What's it like where you are? Have you noticed a change?

I’m closer to you (N.W) and the market here is definitely slowing. Houses above 1m are not really moving at all and houses that are overpriced (100k+ overpriced) are not selling either. I look at Rightmove and use the filter to see what’s sold in the last 14 days. There’s definitely less sold quickly now here. I’d wait if I were you. We got 30% off the house we’re in in 2016 because the market was stagnant. Good luck!!

I’m in Scotland, where I am the properties are selling within a week of going on the market.
My dd and her partner have been saving for a few years and have a good deposit between them and can get a mortgage for a decent amount. The problem they’re having is that everything has rocketed and properties they would have been able to afford with no problem 6 months ago are now coming onto the market at £10-15,000 over their budget and since we have the offers over system they’re also possibly going for a fair bit over the guide price.