A Breath of Fresh Air and Plenty to Choose From, PE36 Property Update — June 2026
Hello there! It’s Emma Peppercorn here. I was just wandering through Holme Next The Sea this morning, watching the tide come in, and it got me thinking about how much the landscape of the local property market has shifted.
Cast your mind back a few years. Do you remember when putting a house up for sale felt like throwing a chip to a seagull? There’d be a frantic scramble, and it would be gone instantly. Well, skip ahead to June 2026, and the atmosphere here in PE36 feels much more like a gentle stroll along the prom at Hunstanton.
I’ve got some updates on the current housing supply and what that means for your next move. The headline? If you are looking to move into our lovely corner of Norfolk, the level of choice for buyers is exceptional. If you’re selling, the current stock levels mean your home needs to stand out from the crowd to attract a viewer’s interest.
The Great Balancing Act
Right now, we are firmly in a "Buyer’s Market." But what does that actually mean? Imagine you’re at a village bake sale in Ringstead. If there’s only one lemon drizzle cake and twenty hungry neighbours, the seller holds all the cards. But right now in PE36, it’s as if the table is overflowing with cakes, and there are only a few people with forks in their hands. You can take your time, look at every sponge, and decide which one is just right for you because the volume of properties currently for sale is so high.
Understanding Market Activity
There is a specific way we measure the balance of the market by looking at the ratio of available homes compared to the number of people buying. We look at the total housing supply and compare it to the monthly rate of agreed sales.
In PE36, the current ratio of stock to sales is 20 to 1. To put that in perspective, in a market where there is very little choice for buyers, that ratio is often less than six to one. We haven't seen this figure budge since last month, so the current level of choice for buyers is holding steady. It means there is a lot of variety available, and the market is defined by high stock levels rather than a shortage of homes.
The Big Picture: By the Numbers
Across the whole area, from the quiet lanes of Old Hunstanton to the bustling streets of the main town, we have 234 properties currently looking for new owners. That’s actually 13 fewer than we had last month, so the "shop window" is getting slightly tidier, but the competition for sellers remains significant.
On average, we are seeing about 11 homes find their new owners every single month. When you compare those 11 sales to the 234 homes available, you can see why the market feels so much calmer. Only about 5% of the total stock is changing hands each month, leaving a vast amount of choice for anyone entering the market.
What does this mean for your garden gate?
Whether you're in a cosy cottage or a grand coastal home, here is the "Emma Peppercorn" take on the current market activity:
- If you are selling: You need to be the "Star Baker." Because buyers have 234 homes to choose from, yours needs to look its absolute best and be priced very sensibly to beat the competition for sellers. We’ve seen some stunning homes sell recently, like a beautiful spot on Wodehouse Road for £860,000, but the owners who succeed are the ones who realise they are competing for a buyer's attention amidst high stock levels.
- If you are buying: You are in the driving seat! You have the luxury of choice. You can visit a few places in Heacham or Snettisham, go home, have a think, and maybe even negotiate a bit on the price. The average price people are asking for is around £336,819, but the price people are actually paying is closer to £286,877. With so much choice for buyers, there is more room for negotiation.
- If you are staying put: Your home is still a fantastic asset. Even with high housing supply, people are still spending significant sums for the right spot; we recently saw a home in Snowdrop Way go for £785,000. The appeal of our coastal lifestyle remains strong; it’s just that the current market offers buyers the opportunity to be more selective.
The sun is out, the poppies are blooming, and while the market is currently defined by a high volume of properties currently for sale, there are still plenty of moves happening. If you fancy a chat about the value of your home over a coffee, you know where to find me!