A new analysis by Zoopla reveals that 22% of homes for sale in the UK have remained on the market for over six months without finding a buyer. This trend underscores a widening gap between sellers' price expectations and the current realities of the housing market, where growth has slowed and housing availability has increased. Sellers may have to re-evaluate their pricing strategies to secure timely sales, as the market dynamics pose challenges in achieving desired sale prices without extended waiting periods.
"Many sellers have a price in mind that they want to secure a sale for their home, or a price they need to achieve in order to unlock their next home move," Zoopla said.
"The analysis cautioned that while sellers may eventually get their price, they may have to wait a long time to achieve it."
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