Guest blog by Gavin Pike MNAEA – Senior Sales Partner, Martin & Co Witney
Ask any economics student what determines price and the instant answer will be ‘supply and demand’. This is as true for housing as is for anything else from crude oil to bitcoin.
Critically for the house seller, some of these factors are beyond your control whilst others can be made to work in your favour.
One of the reasons prices are so high is that a very small percentage of the housing stock is available at any one time. Last year less than 4.24% of Oxfordshire’s housing stock was sold. In other words, any one Oxfordshire home comes to the market on average every 23½ years! Continue reading “What Determines the Price of your Home?”