Half term property stats blast – May Bath property market figures

City Farm

Slightly late due to an extremely busy Bank Holiday weekend out viewing & valuing (sorry!) but here’s the latest May figures from the Bath property market (with the usual comparisons to our March & April reports).

Were the results as Shakespeare said “As full of spirit as the month of May”? I will leave you to draw your own conclusions from the facts and figures below but have highlighted the May results in green or red dependent on my perception of  improvement (or not) on last months figures for ease of digestion.

 

Total property on market in Bath

Rightmove – 392 (April 334 March 288)

Zoopla – 312 (April 251 March 233)

OnTheMarket – 131 (April 108 March 92)

Home.co.uk – 437 (April 359 March 316)

New Instructions in last 14 days

Rightmove – 116 (April 108 March 112)

Zoopla – 58 (April 42 March 55)

OnTheMarket – search option not available

Home.co.uk – 84 (April 71 March 65)

Note: Rightmove continues to class a reduced property as a “New instruction” hence distortion of figures

Average Time on Market

Less than 1 month – 39.3% (April 35.6% March 40.5%)

Less than 2 months –59.7% (April 58.7% March 58.2%)

More than 1 year – 2.9% (April 2.7% March 3.4%)

Selling Time in Bath (last 90 days)

Mean – 85 (April 70 days March 75)

Median – 41 (April 24 days March 27)

Properties for Sale in Bath by Price

Under 200k – 6.1% (April 7.5% March 6.3%)

200k to 300k – 17.1% (April 16.9% March 14.8%)

300k to 500k – 29.9% (April 33.4% March 37.3%)

500k+ – 46.6% (April 42.06% March 41.4%)

Mean Selling Times in Bath by price bracket

100 to 200k – 38 days (April 55 days March 58 days)

200 to 300k – 42 days (April 45 days March 46 days)

300 to 400k – 47 days (April 86 days March 94 days)

400 to 500k – 48 days (April 66 days March 77 days)

500k to 1million – 59 days (April 81 days March 90 days)

1million+ – 96 days (April 111 days March 123 days)

Property on market by Type

Flats – 32.4% (April 36.9%)

Terraced – 18.7% (April 23.4%)

Semi-detached – 20.1% (April 19.2%)

Detached – 21.4% (April 20.4%)

Madison Oakley Bath Property Experts