Bath property market report - June 2024

All the news from the Bath property market this summer – right here in our latest market update.

National property headlines

The Land Registry’s UK House Price Index says the average price of a property in the UK increased by 1.8% between March 2023 and 2024, compared to 2.7% in the previous year. These figures are based on actual property completions hence the data being from two months prior to other reports.

Rightmove provides the most up-to-date figures of any regular national reports, but based on asking prices set by sellers rather than confirmed sales. Zoopla’s figures are based on sold prices, mortgage valuations and recently agreed sales. Nationwide and Halifax also publish their own monthly data, based on their own mortgage lending.

Latest house price index results

Month-on-month change

Year-on-year change

Rightmove (June 2024) 0.0% and +0.6%

Zoopla (May 2024) 0.0% and -0.1%

Nationwide (May 2024) +0.4% and +1.3%

Halifax (May 2024) -0.1% and +1.5%

Propertymark is the industry body for estate agents, regularly canvassing its membership every month for data directly from the street. Their Housing Insight Report for May reports the following;

The average number of new prospective buyers registered per member branch lifted moderately to 86 in May from 70 in April. Demand was only 4 per cent lower in May 2023 compared to May 2022.
The average number of viewings per property remained stable in May. The average last month was 3.0 compared to 3.3 in April. Viewings were down year-on-year by 50 per cent in May 2023 compared to May 2022.
Supply of new homes up for sale per member branch dipped slightly to 9 per branch in May from 10 in April. The average number of sales agreed per member branch followed suit averaging 7 per member branch in May compared to 8 in April.