CM23 Market Update – August 2025

August was quieter across the CM23 patch with homes. No surprise given school holidays and lots of people away but the month finished with a clear uplift in valuation requests. On that basis, we expect September to be stronger for new listings.

Headline numbers for 1–31 August 2025

• New listings: 68 properties launched
  Average asking price: £422,623

• Sales agreed: 58
  Average “sale list” price: £569,136
  Interpretation: a good share of August deals sat in the mid-to-upper price bands.

• Price reductions: 53
  Average reduction: 5.06% – around £22,981 off the asking price on reduced homes

What drove the slowdown

• Seasonal pattern - Holiday plans pushed viewings and decisions into late August or early September.

• Buyer selectivity - Where asking prices ran ahead of the market, we saw reductions to re-engage interest.

End-of-month shift we’re seeing

In the final week of August we logged a surge in valuation requests from owners returning from summer breaks and planning autumn moves. We expect more homes to come to market in September, which should improve choice for buyers and help chains form faster.

What this means if you’re selling

• Price it right from day one – reductions are working, but well-pitched guides attract the best attention early.

• Presentation matters – strong photography and video lift click-throughs and viewing numbers.

What this means if you’re buying

• Stock should improve through September – get finances and conveyancer prepped so you can move quickly when the right home appears.

If you’re considering a move in Bishop’s Stortford, Stansted, Takeley, Elsenham, Great Dunmow and the surrounding villages we’re happy to provide a no-obligation valuation and talk through timing, pricing and marketing tailored to your home.