Coventry Property Market
Is it a buyers’ or sellers’ market?
Are you considering moving home in Coventry during the next 6 to 12 months?
You may be a Coventry landlord deciding whether to grow your portfolio or sell off a few properties. Or you're a Coventry first-time buyer wondering if now is the right time to move.
Understanding whether the current property market favours buyers or sellers is key to making the right call. If you follow my regular Coventry property updates, you'll know one of the most reliable ways to assess the market is by looking at the percentage of homes marked as "Sold STC" or "Under Offer" compared to the total number of properties on the market.
Let's show that in practice. In this example, if there are 400 properties on the market in a location, and say 300 properties are for sale, fully available to buy, and the remaining 100 are under offer or sold. 100 as a percentage of 400 gives us a sales percentage of 25%. It is this percentage that strongly indicates the local property market temperature and who holds the upper hand, i.e. buyers or sellers (or somewhere between).
This percentage figure acts as a barometer for market conditions and can be analysed using this table:
- Extreme Buyers' Market (0%-20%)
- Buyers' Market (21%-29%)
- Balanced Market (30%-40%)
- Sellers' Market (41%-49%)
- Hot Sellers' Market (50%-59%)
- Extreme Sellers' Market (60%+)
How Does Coventry Compare?
Examining historical data from The Advisory's website, which has tracked this metric for years, reveals some key trends for each month in 2025. (For this exercise, Coventry is CV1-CV7).
- January 2025. 50% of properties were marked as Sold STC or Under Offer, placing the market in the hot sellers’ market category. Sellers started the year with a firm advantage.
- February 2025. 47% was recorded, a decrease from January which moved the market into the sellers’ market category. Buyers gained a little more breathing room.
- March 2025. 48% showed a slight rise compared with February, though the market remained in the sellers’ market category. This suggested stability rather than significant change.
- April 2025. 47% was a small dip from March, keeping conditions steady within the sellers’ market category. Sellers maintained a modest advantage.
- May 2025. 44% represented a more noticeable decrease, though still within the sellers’ market category. Buyers had additional space to negotiate.
- June 2025. 44% remained unchanged from May, highlighting a period of stability.
- July 2025. 44% continued the same trend, keeping the market firmly in the sellers’ market category with little movement.
- August 2025. 44% was again unchanged, showing consistency in conditions through the summer.
Overall trend: From January to August the Coventry market ranged between 44% and 50%. The year began in the hot sellers’ market category but has since settled into the sellers’ market range. Overall, conditions have been stable with sellers maintaining an advantage, though buyers have enjoyed more breathing room compared with the start of the year.
These percentage figures are an average of the Coventry postcodes (as noted above).
For interest, if I break down the August 2025 figure by individual Coventry postcodes, it actually tells an even more interesting story…
- CV1 – 33%
- CV2 – 57%
- CV3 – 44%
- CV4 – 46%
- CV5 – 48%
- CV6 – 49%
- CV7 – 34%
Look at the difference between the postcodes!
So, what does a 44% "Sold STC to total stock" ratio mean for Coventry right now?
It places the local market in the middle of a sellers’ market, giving sellers an advantage and meaning buyers need to bring their best game.
For Coventry Sellers
We are firmly in a market where patience, presentation, and accurate pricing matter more than ever. Buyers now have a choice, a lot of choice. Simply listing your property and hoping for the best will not cut it.
The homes that sell are those that hit the market with the right price from day one, have high-quality photography, clear floor plans, and marketing that stretches both online and offline.
Overpricing is the fastest way to stall a sale. Properties that linger usually face price reductions, lose momentum, and invite lower offers. In some cases, that even leads to failed sales before the exchange.
Getting it right at launch is critical.
The good news is the recent interest rate cut provides a welcome tailwind as first-time buyers are seeing lower monthly payments, encouraging more of them into the market and strengthening chains. Also, home movers can access better fixed-rate deals, helping them upsize, remortgage, and release more homes onto the market to buy. Finally, buy-to-let investors in Coventry's stronger-yielding areas may see the sums stacking up again.
Buyer sentiment is shifting. Rate cuts show the Bank of England wants growth and stability, which converts hesitant "wait and see" buyers into active "let's book a viewing" buyers.
This is not a one-off. The cut follows earlier reductions since late 2024. This means mortgage rates are more palatable, with some two-year fixes, at the time of writing, being below 3.75% on a 60% loan-to-value (LTV) basis, and an impressive 3.86% on a 5-year fixed (60% LTV). For first-time buyers with a 5% deposit, a 3-year fixed 4.78% rate on a 95% LTV mortgage looks pretty fair.
For Coventry Buyers
The market is calmer than the frenzy of 2021 and 2022. There is time to think, compare, and in some cases negotiate. That does not mean you can wait indefinitely or fire in lowball offers. The best homes are still competitive, but opportunities exist if you are open-minded and look beyond the most sought-after postcodes. Have your mortgage agreement in principle ready before making an offer. It sets you apart and gives sellers confidence. Also, consider widening your search area, as value is often found just beyond the obvious hotspots.
Final Thoughts on the Coventry Property Market
With inflation rising slightly (meaning interest rates won’t be coming down too much in the near future) and the Government finances looking a little squeaky, while the UK’s (and Coventry's) property market is enjoying a steadier footing, realistic pricing is the ultimate and most important thing in marketing a property. Remember last month, only 50.9% of homes that left estate agents' books ended up being sold and the homeowner moving (the rest being withdrawn from the market unsold). Of course, you might not get what you would've got a few years ago in the crazy years of 2020 and 2021, but the price you'll have to pay on the next one won't be as much either.
If you are considering a move within the next six months or would like to explore your options, let's talk. And even if you are not moving, I would love to hear your thoughts on where you see the Coventry market heading.