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End of Year Review of Shropshire House Prices
What has your house price done in 2016?
In general terms, house prices in Shropshire “stayed steady” during 2016, which indicates a healthy housing market, according to analysts here at Nock Deighton estate agents.
We produce a monthly House Price Index report based on our own figures and a selection of national statistics.
Michael Nettleton, director of sales and marketing at Nock Deighton, has looked back over the figures and calculated that the average monthly rise throughout 2016 was 0.2%.
He says: “The fact that house prices stayed steady is good news for the market as a whole, because we do not want to see a return to the days of boom and bust.
“A very steady rise of 0.2% as a monthly average is encouraging and bodes well for a good 2017.
“The year-on-year increase when you take all 12 months in total is 4.9%, so prices have seen quite a significant rise overall.
“Houses are exchanging, and as I say every month, buyers are out there just waiting for the right property to come along - it is a healthy market for both buying and selling, and long may it continue.”
Old Smithfield, 34-35 Whitburn Street, Bridgnorth, Shropshire, WV16 4QN
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