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Herefordshire Property Market Update September 2020

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We've now had four full months since the Housing Market reopened and the first lockdown measures were eased.  Although September is traditionally a busy month for the housing market, people thinking about Christmas in new home and the summer holidays come to end, 2020 certainly feels different, holidays have been cancelled or on hold and the UK is braced for a second wave of Covid and potential further lockdowns.

Its with sadness that we still hear of industries still struggling, some having to vastly adjust and all whilst the UK Housing Market is currently in full swing with property demand still high and prices seeming on the increase. We have found that demand has eased since we opened in June, however we are now seeing a new batch of home buyers and movers looking to take advantage of the Chancellors Stamp Duty Holiday and new found way of life in our county of Herefordshire.

Sales across the region were up 21% month on month, which certainly is a record, hitting a total of 380 through HR1 - HR6. It was actually 70% higher than September 2019! Astonishing, however we were still in the midst of Brexit talk last year.

New Properties to the market hit 384, this still not as high as the 405 in July, but up on previous month of August. New Properties were 34% up on September 2019, which when you compare that sales were up 70% (above), it really does show that buyer demand is outweighing supply again.

Here are your full numbers for September:

2020 HR1HR2HR3HR4HR6TotalY ChangeM Change
New 9610325966438434%6%
          
Sales 9485171057938070%21%
          
PR 433465036169-12%18%
          
Available 3633251443613451538-10%-1%
          
Views 89798179888384%3%
          
2019 HR1HR2HR3HR4HR6Total
New 6076236463286
        
Sales 5754

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