A Stroud estate agent insists the property market remains buoyant after house prices reportedly dropped by more than £6,000, according to figures from the Land Registry.
The latest data from the government department reveals that in February 2023 average house prices in Stroud reached £338,656.
This was down from £344,832 in January, representing a 1.8 percent decrease. In the last 12 months it has risen by 3.7 per cent.
However, Jamie Dyer, senior branch manager of the Stroud Property Centre said: “The market is busy right now, however getting the asking price right is of paramount importance.
“Prices are not quite where they were during the early part of 2022 and 2021, with that said asking prices are similar, we just don’t typically have a scenario of multiple bids driving prices upwards.
“The market is calmer, a little more considered with buyers having to work with slightly higher mortgage rates compared with recent times.
“In a nutshell, we are in a good market place, a normal market in terms of pace of agreeing sales. Demand is high and Stroud is as popular as ever.”