Bath property market update – December 2018

We’re into December and approaching the last weekend of the Christmas Market so its time to look back across the year just gone and also release our latest monthly data update on the Bath property market. You’ll find all our usual market figures below (collected on 07/12) but lets start with some headlines  and look back to see how we did in our crystal ball gazing predictions from last year?

 

Comparing data from Dec 2017 against our latest Dec 2018 figures, the headlines for Bath are;

25% increase in overall “on market” supply

27% increase in average time on market

1% decrease in average asking prices

No change in average selling prices

 

 

Here are our latest figures for December 2018 across seven key market points;

 

Total property on market in Bath

Rightmove – 732

Zoopla – 535

OnTheMarket – 325

Home.co.uk – 760

New Instructions in last 14 days

Rightmove – 101

Zoopla – 54

OnTheMarket – search option not available

Home.co.uk – 46

Average Time on Market

Less than 1 month – 17.6%

Less than 2 months – 38.1%

More than 1 year – 8.6%

December property market

Selling Time in Bath (last 90 days)

Mean – 100 days

Median – 58 days

Properties for Sale in Bath by Price

Under 200k – 6.3%

200k to 300k – 17.3%

300k to 500k – 37.1%

500k+ – 39.2%

Mean Selling Times in Bath by price bracket

100 to 200k – 118 days

200 to 300k – 77 days

300 to 400k – 84 days

400 to 500k – 119 days

500k to 1million – 124 days

1million+ – 148 days

December property market

Property on market by Type

Flats – 36.4%

Terraced – 24%

Semi-detached – 24%

 Detached – 15.7%

Thinking of selling in the New Year? Have a look at our blog post on how to target the best time to sell or follow us on Facebook for our latest advice articles

 

December property market

 

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