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Thornbury

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I posted in January '15 in the Yate/Chipping Sobdury topic about the housing market in Thornbury since the summer of 2014.

I thought that Thornbury now deserves its own post.

Quick update - I have been following houses in a £125K brackett within 1 mile of Thornbury using RightMove.

A glut of properties hit the market in November and December, some at silly prices. Half of these had sold by January '15.

A few more properties came on the market in January at equally crazy prices

Inventory in Jan '15 was at an all time high and most properties have been on the market for more than a month (50% of new instructions since July that have sold have had offer accepted within the first month) - so further reductions may be on the cards.

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The winter glut reduced with lots of sales in March. However, another wave of properties hit the market in March/April.

However since then new instructions and sales have stalled.

Inventory is now at an all time high, with the average selling time stretching out to more than 2 months. Many properties have price reductions.

Across the board prices remain stubbornly high.

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