Some 36% of all homes which have had asking prices cut this year are now listed as sold subject to contract.
GetAgent analysed current market stock levels looking at both the total proportion of homes for sale that have seen a price reduction in the current market, as well as the proportion of those price reduced homes that have actually attracted a buyer.
In total 34% of ‘for sale’ stock, excluding homes already marked as sold subject to contract, have seen an asking price reduction since being listed for sale.