Quorn Property Market Update

As we all know, Quorn is one of the most sought after places to live in the area. So what happens when the demand for houses far outstrips supply? A number of things can, and have happened in the Quorn property market. Available property for sale has fallen, with 50% of property on the web in Quorn currently ‘sold subject to contract’. This lack of readily available housing stock can cause a temporary inflation in prices, according to land registry data, prices have increased by almost 3% in the last 12 months. Semi-detached homes in Quorn are the biggest winners with an increase in value of 4.5% in the last 12 months. The average price of a home in Quorn is now £322,461. The speed at which houses have been selling has also increased, with many properties selling in ‘hours and days’ rather than ‘weeks and months’. It is crucial to employ the services of a reputable and established Estate Agent with expert knowledge to guide you through the process of pricing, marketing and selling your home. With interest rates set to stay low for the time being, a natural increase in property available through late Spring and early Summer, 2017 could be the year to make your move!