Across the UK, the average asking price for properties coming to market has risen by 1.7% this month, an increase of £5,992, bringing the average price to £366,189. This is the biggest January price jump since 2020, signaling a buoyant start to the year. In the West Midlands, prices have followed the same trend, climbing 1.5% from last month and 1.8% compared to this time last year.

One of the most significant changes this January is the record number of new sellers entering the market since Boxing Day. This influx of early bird listings has given buyers the highest level of choice at the start of a year since 2015.

With more properties available, buyer activity has also picked up, with 9% more buyers contacting agents than at the same time last year. The result? A lively market where 11% more sales have already been agreed compared to the same period in 2024.

Buyer intent remains strong, as shown by Rightmove’s record breaking number of Mortgage in Principle applications so far this year. It’s clear that people are eager to make the most of the opportunities that this year brings. 

However, there are some challenges to keep in mind. Mortgage rates, while slightly lower than last year, remain relatively high. The average five year fixed rate now stands at 4.75%, compared to 4.78% a year ago. This has limited significant affordability improvements for some buyers. That’s why it’s essential to speak to an experienced mortgage advisor who can search for the best deals for you. A good advisor can make all the difference when it comes to affordability and securing your dream home. At DB Roberts, our team of expert mortgage advisors are here to help. They can guide you through the options available, ensuring you find a deal that suits your needs and budget.

Additionally, the upcoming stamp duty changes on 31st March could impact buyer behavior and market momentum as the date approaches.

Overview 

For sellers, this is a fantastic time to list a property. Demand is strong and the growing number of buyers actively searching for homes means you’re likely to find interest quickly. Buyers, on the other hand, will appreciate the increase in choice available, enabling them to find properties that align closely with their needs and preferences, so it's a great time to explore your options. 

At DB Roberts, we’ve already seen sellers across Shrewsbury, Telford, Stafford and Wolverhampton benefit from the increased activity, with many achieving excellent results. We’ve observed a noticeable increase in buyer enquiries and property viewings, with many homes receiving offers soon after being listed. 

We’re here to help you navigate the property market. Whether you’re buying, selling or seeking mortgage advice, our expert team is ready to guide you every step of the way. Get in touch with us today to start your property journey.