CM23 Property Market Update March 2026

CM23 Property Market Update March 2026

March has brought a noticeable shift in momentum across CM23, as we move into what is traditionally one of the busiest periods of the year for the property market. While buyers remain price-sensitive, there are clear signs that confidence is building as we head into spring.

New Properties to the Market

A total of 119 new properties were listed across CM23 in March, with an average asking price of £538,489.

• The highest new listing reached £1.595 million, showing continued strength at the upper end of the market
• Stock levels are beginning to build, giving buyers more choice compared to earlier in the year

This increase in listings is typical for the time of year, as more homeowners look to take advantage of improved weather and stronger buyer activity.

Properties Sold (Subject to Contract)

Sales activity remains steady, with properties continuing to find buyers when priced correctly.

• The average asking price of sold properties was £471,307
• The highest sale agreed this month came in at £1.35 million

This highlights an important trend while buyers are active, they are making decisions based on value. Well-presented, realistically priced homes are still achieving strong levels of interest.

Price Reductions

There were 74 price reductions across CM23 during March.

• The average reduction was 4.13%
• This equates to roughly £19,102 per property

This reinforces the current market conditions, pricing strategy is critical. Overpricing at launch often leads to reductions later, which can impact both momentum and final sale price.

Market Insight

March reflects a price-sensitive but active market.

Buyers are still very much engaged, but they are:

• Comparing options more carefully
• Negotiating harder
• Prioritising value over emotion

At the same time, we’ve seen a noticeable increase in valuation requests, which is often a strong indicator of future supply.

Looking Ahead

As we move further into the spring market, expectations are positive:

• More new listings are likely in the coming weeks
• Increased buyer activity as confidence builds
• Continued importance of accurate pricing from day one

Spring is traditionally one of the best times to sell, and with more sellers preparing to launch, the market is set to become more competitive.

Final Thoughts

The CM23 market is in a healthy position, homes are selling, but success is closely tied to pricing, presentation, and strategy.

For anyone considering a move, the next few months present a strong opportunity but getting the launch right will be key.