Stock rising but no sign of sales slowing
Welcome to our latest round-up of local property stats and headlines. Whilst we bask in the current heatwave and listen to Michael Buble from the Crescent lawns, we’ve also been researching the latest trends in the Bath property market. Please see below for July’s data and do let us know if you have any questions or comments;
Bath property market headlines
- Stock levels are on the rise – there is 23% more property currently available in Bath vs our May 2022 figures. However, in comparison to July 2021, overall stock levels remain over 25% down and the graph below illustrates how low stock has fallen since pre-pandemic levels
- Typical time on market (median) for Bath properties is 23 days, which is 16% faster than July 2021
- Semi detached homes are the fastest selling property type, followed by terraces. Flats are taking 38% longer to sell than any other property type
- Properties in the 200k – 300k range have seen a serious increase in speed of sale over the last month (40% reduction in selling time vis any of the preceding 6mths and resulting in a 12.5% drop in supply in this range vis May 2022).
Total property on market in Bath
Rightmove – 402
Zoopla – 332
OnTheMarket – 140
Home.co.uk – 415
New Instructions in last 14 days
Rightmove – 129 (including reduced properties)
Zoopla – 77
Home.co.uk – 85
Average Time on Market
Less than 1 month – 37.5%
Less than 2 months – 53.9%
More than 1 year – 13.2%
Selling Time in Bath (last 90 days)
Mean – 90 days
Median – 23 days
Properties for Sale in Bath by Price
Under 200k – 6.5%
200k to 300k – 15.6%
300k to 500k – 33%
500k+ – 44.8%
Mean Selling Times in Bath by price bracket
100 to 200k – 199 days
200 to 300k – 75 days
300 to 400k – 66 days
400 to 500k – 98 days
500k to 1million – 85 days
1million+ – 125 days
Mean Selling Times in Bath by Type
Flats – 129 days
Terraced – 73 days
Semi-detached – 46 days
Detached – 93 days
Property on market by Type
Flats – 48%
Terraced – 20.4%
Semi-detached – 19.9%
Detached – 11.7%
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