So, what’s going on?

Higher Price Brackets in Wolverhampton Have Lower Odds of Selling

It’s a simple truth: the higher up the price range you go, the harder it is to get a deal done.

That doesn’t mean the more expensive Wolverhampton homes won’t sell. But it does mean your pricing and presentation must be spot on for it to sell.

Wishful thinking won’t cut it.

The average asking price of property that has come on the market in Wolverhampton in the last five years has been £249,600.

• For all the Wolverhampton homes that have come onto the market below £249,600 in the last 5 years, they have had a 71.4% chance of selling and homeowners moving.

• For all the Wolverhampton homes that have come onto the market above £249,600 in the last 5 years, they have had a 58.8% chance of selling and homeowners moving.

Realistic Pricing Matters

Here’s another stat Wolverhampton home sellers need to understand.

Homes that agree a sale within 25 days of coming onto the market have a 94% chance of subsequently exchanging contracts and completing (i.e. the homeowner moves). Yet, for homes that sit for 100 days or more before a sale is agreed, the odds of the homeowner moving drop to just 56%.

In other words, if you get the price right from day one, you are far more likely to secure a solid buyer and sail through to completion. But if your home languishes on the portals for months, you are not only likely to have to reduce, if you do indeed manage to agree a sale on it, your odds are only slightly better than a flip of a coin.

What This Means for Wolverhampton Homeowners

If you’re thinking of putting your home on the market this year, here’s the uncomfortable but helpful advice:

• Don’t just look at what homes are being listed for. Look at what's selling — and selling within a month or two.
• Be honest about your timeframe. If you want to move soon, pricing realistically from day one will give you a better shot.
• Higher-value homes must work harder. Presentation, photography, pricing, and agent skill all matter more than ever when your Wolverhampton home sits in the upper price bands.

The Bottom Line for Wolverhampton Homeowners

Many homes listed in Wolverhampton this year won’t sell.

Not because they are bad homes. Not because the market is broken. But because many sellers and yes, some estate agents, are still pricing for the market they wish they had, rather than the market we do have.

If your Wolverhampton home is priced at the top of its range, you must demand an agent who can justify every pound, back it up with real buyer insights, and be honest with you from the start.

Otherwise, you risk becoming part of the Wolverhampton homeowners that don’t sell, as opposed to the Wolverhampton homeowners that move to the next chapter of their life.