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the cities where sales times are exploding, and those where they are finally falling

the cities where sales times are exploding, and those where they are finally falling
the cities where sales times are exploding, and those where they are finally falling

© Kevin Comte

– On the sellers' side, SeLoger is once again observing a “wait-and-see attitude, in order to avoid reducing the sale price in the hope of a restart of the market”.

THE real estate loan rate not being protected from a rise due to the chaotic political situation in , you have decided to quickly realize your plan to buy a house. A project whose financing requires resell your apartment current. Faced with buyers still facing credit rates above 3%, how long can you expect to sell your property? On average, at the beginning of December, «it takes 82 days» in the 11 largest cities in France, indicates the real estate advertisement portal SeLoger. That's 11 days more than a year ago!

However, the prices of old housing fell by 2.1% over one year and credit rates fell by almost a point in the same interval, to 3.35% on average for loans over 20 years. Enough to give buyers room for financial maneuver and make them, a priori, less keen on negotiation. So much for the theory. In practice, buyers prefer wait for further (but hypothetical) price dropsexplains SeLoger. Indeed, the 0.2% decline in prices observed over the last three months (from September to November) proves “much less important” than that of 1.9% observed at the same time last year, when sellers had finally realized that they had to agree to lower their prices to sell their properties, underlines the real estate announcements portal.

More than 100 days to sell a property in Saint-Nazaire

On the seller side also, SeLoger is once again observing a «wait-and-see attitudein order to avoid reducing the selling price in the hope of a restart of the market”. It must be said that between September and November, prices have already started to rise again in (+0.2%), (+1.6%), (+1.3%), (+1 .1%). Or even in (+1.9%, to more than 4,000 euros per square meter), where the average sales time has therefore increased by 13 days in the space of a year, to reach 87 days. It's even worse in , where properties sell on average in 99 daysa jump of 25 days in the last 12 months. It is true that prices in this city rose by 4.2%, to 6,086 euros per square meter on average, which encourages buyers to wait for them to – possibly – fall again. The same goes for Saint-Nazaire, where the average sales time has increased by 54 days in one year, to reach 110 days. Prices have however fallen by 1.2% but, at almost 3,000 euros per square meter, they are not particularly cheap for the province.

In contrast, the average sales time fell by 21 days in to fall to 63 days. The consequence of a 3% drop in prices over the last 12 months in the Touraine capital, which allowed buyers and sellers to find common ground more quickly. In too, the average sales time plunged from 21 days in the space of a year, to 65 days, the 0.6% drop in prices having brought the average price per square meter below the 2 mark. 000 euros.

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