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Property supply levels continue to increase across the city as spring turns into summer

With nearly 800 homes for sale across Bath, we are now roughly at a point similar to both March of 2020 and also late 2018, although not yet close to peak supply levels over the past seven years (summer 2018 and 2019 plus October 2020 when almost a thousand homes were for sale). 

Admittedly this is still nowhere near early 2000s levels of 1600+ but it is a welcome improvement for the buying public from the bare shelves of 2021/22.

As would be expected in the middle of the year, the fastest movers in the market are terraced and semi detached houses in the £200,000 - £400,000 price brackets. Despite the supply increase of 37% vs May 2023, average time on market has actually fallen year on year by 6% overall so activity remains extremely strong in broad terms.

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'Despite the supply increase of 37% vs May 2023, average time on market has actually fallen year on year by 6% overall so activity remains extremely strong in broad terms.'

Looking forward to the remainder of the summer, an interest rate cut is now potentially more likely thanks to recent inflation figures but there may well be some disruption and uncertainty due to the general election in July. However, the speed of the election does also suggest the threatened Rental Reform Act legislation that has been concerning so many landlords is not going to get through Parliament in the near future.

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Contact Details

9 Moorland Road | Oldfield Park | Bath | BA2 3PL

W: www.madisonoakley.co.uk 

E: info@madisonoakley.co.uk 

T: 01225 829040

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