Market update – Oct 2021
The final Stamp Duty holiday deadline is over and the dust has settled from an incredibly busy end to September. Thoughts in property now turn towards the “in for Christmas” crowd but what are the latest market trends? We’ve delved into the data to see how the autumn market is shaping up in Bath. Have a look below at the headlines and full update report to see what you think;
Headlines
Stock levels of available property are 35% down from April this year and also now at the lowest historic level since at least early 2017.
Median selling time is currently faster than at any time since mid 2017
Average time on market for flats is 37.5% longer than any other property type. The average selling time for flats is 55% longer than any other type.
30% of Bath properties currently advertised as For Sale on Zoopla have been reduced at least once.
Raw Data
Total property on market in Bath
Rightmove – 421
Zoopla – 403
OnTheMarket – 186
Home.co.uk – 460
New Instructions in last 14 days
Rightmove – 98
Zoopla – 61
OnTheMarket – search option not available
Home.co.uk – 60
Average Time on Market
Less than 1 month – 23.6%
Less than 2 months – 34.7%
More than 1 year – 14.1%
Selling Time in Bath (last 90 days)
Mean – 114 days
Median – 41 days
Properties for Sale in Bath by Price
Under 200k – 6.3%
200k to 300k – 18.6%
300k to 500k – 34.7%
500k+ – 40.2%
Mean Selling Times in Bath by price bracket
100 to 200k – 90 days
200 to 300k – 124 days
300 to 400k – 117 days
400 to 500k – 94 days
500k to 1million – 121 days
1million+ – 103 days
Property on market by Type
Flats – 51.7%
Terraced – 17.8%
Semi-detached – 16.3%
Detached – 9.5%
Full spreadsheet covering 2017 to current via below link;
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