November 2023 Monthly Market Report for Larbert, Bonnybridge & Denny

Twinkling lights are appearing everywhere and there is a chill in the air. Christmas is definitely on its way! We expect there to be a flurry of activity in the coming months as the drop in inflation gives the mortgage market a boost. Several mortgage lenders have already cut their rates in recent weeks. 

House prices rose in the UK for the third consecutive month. According to the Nationwide House Price Index house prices grew 0.2 per cent between October and November which is an excellent sign that the property market is starting to stabilise and return to normal. 

The Boxing Day Boom is on its way. Last Boxing Day visits to Rightmove rose by 54% compared to the previous week. There were over 51 million visits between Boxing Day and the first working day of the new year. If you would like to make sure that your property is market ready in time to take advantage of this please do get in touch. We’re now booking into the new year and have availability for a couple more clients. 

Before we turn our full attention to the festivities of the season let’s take a moment to take a look at what’s been happening in the property market around Larbert, Bonnybridge & Denny during November.  

There are currently 201 properties available on the market in our area. Last month, there were 211; in September there were 187; in August, there were 197; in July, there were 203; in June, there were 297; and in June, there were 297 properties available on the market around Larbert, Bonnybridge & Denny. This is excellent news for buyers, as it means there is lots of choice.


There has been a steady flow of properties coming onto the market each month. In November, there were 84. This is an increase of 13.5% compared to November last year. This is great news for buyers as the increased amount of choice means that it is easier for them to find properties that match their preferences, budget, and specific requirements.

In October, there were 90; in September, there were 82; in August, there were 93; in July, there were 96; and in June, there were 111. We expect this steady flow of properties to continue as we enter 2024. 

In November, 85 sales were agreed around Larbert, Bonnybridge, & Denny. This is a similar number to the same month last year when 87 sales were agreed. The property market in our area has remained buoyant and shows no signs of quietening down.


Back to 2023, in October, there were 95; in September, there were 77; in August, there were 102; and in July, there were 98 and in June, 99 sales were agreed. Buyers are no longer fearful of a major collapse in house prices. Instead, home buying decisions hinge on the financial ability and willingness of people to take on 4-5% mortgage rates. Real income growth is at last starting to appear, and this will support people’s desire to move home.

In June, we saw 18 price reductions across Larbert, Bonnybridge & Denny. In July, there were 24; in August, there were 19; in September, there were 20; in October and in November, there were 23. When properties are priced properly, they sell quickly. Setting an unrealistically high asking price at the outset can delay your move by several months.

In November, there were 45 slow movers across Larbert, Bonnybridge & Denny. This is a property that has been on the market for 12 weeks or more. In October, there were 44; in September, there were 37; in August, there were 32; in July, there were 23; and in June, there were 27. There does always tend to be a slight lull in the market as we head towards Christmas

Slow movers can often be due to the 3 Ps: presentation, promotion, or price. We are proud to be one of the top agents in the area, with the smallest number of slow movers. Choosing the right agent for your property can make a very real difference in achieving your moving plans.

In June, each property in Larbert, Bonnybridge & Denny had an average of 153.1 daily views on Rightmove per property. In July, there were 197.2; in August, there were 163.8; in September, there were 157.7; in October, there were 148.3 and in November, there were 149.7.

Average daily views per property on Rightmove for properties listed by Alexander Taylor were 188.8 in November, which was 26.1% higher than average. We are proud to consistently deliver above-average results for our clients. It shows the difference your estate agent can make when it comes to attracting the right buyer to your property.  

If you’re looking for further information about the Larbert, Bonnybridge & Denny property markets, or if you’re thinking of selling or buying in the area, please don’t hesitate to get in touch. You can call 01324 811 233 or email info@alexander-taylor.co.uk.