45%~ drop in the number of properties for sale on Rightmove in my area

[Kyouken]

I have been watching the number of properties available on Rightmove in my area now for at least 7 years.  I regularly take a postcode from the centre of town specify a 5 mile radius and see what is available both SSTC and without (added at anytime).  Typically I see about 3600 listed including SSTC and I don't think I have ever seen it above 4000, currently it is 3480.

The interesting part though is the number of properties which are not SSTC.  The highest I ever saw was roughly 1750 which was about 3 years ago and it dipped down to 1350 for a period. Basically going up and down between 1400 to 1600 mostly over the years. 

The current number available is only 970 Last week it was about 1030 so it is dropping quite quickly.

[Flopsy]

My searches in Bucks and Beds are looking pretty normal. They have always been a lot smaller than your searches though. I am only looking for 2 / 3 bedroom properties within a certain price range. 

Can you tell if it is a drop in a certain type or price or overall?

[Kyouken]

I haven't looked at the breakdown over this time but my gut feeling is that it is across the board however I have got the sense that I see more expensive bigger houses than before but that maybe just my bias in expecting more considering the situation.

Currently though (excluding SSTC) Houses are 574 ( detatched 209, semi detatched 183, terraced 383.

Detatched 1 bed 1, 2 bed 16, 3 bed 67, 4 bed 90, 5 bed 23, 6 bed 7, 7+ bed 3

Semi 1 bed 1, 2 bed 30, 3 bed 107, 4 bed 30, 5 bed 15

Terraced 1 bed 1, 2 bed 70, 3 bed 67, 4 bed 31, 5 bed 4, 6 bed 1

Flats 326

Bungalow 74

Land 5

Park home 0

 

Including SSTC

 

Houses inc SSTC 2380 ( detatched 799, semi detatched 758, terraced 792

Detatched 1 bed 2, 2 bed 31, 3 bed 215, 4 bed 422, 5 bed 97, 6 bed 22 7+ bed 5

Semi 1 bed 3, 2 bed 124, 3 bed 458, 4 bed 139, 5 bed 33

Terraced 1 bed 13, 2 bed 312, 3 bed 332, 4 bed 117 5 bed 14, 6 bed 3

Flats 807

Bungalow 295

Land 15

Park home 0

 

This is in East Anglia, Town is about 200k population

 

[Flopsy]

On 29/01/2021 at 17:40, Kyouken said:

 

 

This is in East Anglia, Town is about 200k population

 

Thank you. I'll keep an eye on the numbers near me

[“Nasty Piece of work”]

For properties “SSTC”, and therefore generally off RM, were “sales” that are stuck in the purgatory of exchanging Contracts.  When the SDLT is finally sorted, we shall see more houses with grounded, more realistic, unemployed and motivated sellers.

 

[Kyouken]

Checked today (week later)

All properties 3477

Not including SSTC 929

 

Added to site in last 7 days inc SSTC 149, not inc SSTC 126

[Kyouken]

Down to 899 now, 3459 total

[MattW]

On 23/02/2021 at 16:04, Kyouken said:

Down to 899 now, 3459 total

Any update on these numbers?

[Kyouken]

On 03/04/2021 at 08:42, MattW said:

Any update on these numbers?

 

Currently it is 721 available out of 3121

It has been around this for several weeks now, for the last few it was about 732

Things still seem to be appearing and selling but hard to tell for sure.  Based on a quick glance it looks like the number of 2 bed houses have fallen a lot as well as 3 bed.

 

Detatched: 128 : 1 bed 1, 2 bed 14, 3 bed 30, 4 bed 53, 5 bed 24, 6 bed 5, 7+ bed 0

Semi 1 bed 0, 2 bed 9, 3 bed 61, 4 bed 23, 5 bed 9, 6 bed 2

Terraced 1 bed 4, 2 bed 35, 3 bed 47, 4 bed 19, 5 bed 2, 6 bed 1

Flats 317

Bungalow 50

Land 6

Park home 1

[MattW]

Thanks @Kyouken .

In my preferred area this week there appears to be a slight increase in properties coming onto the market now that lockdown is ending.

[Kyouken]

Today all property is 3220 and those not SSTC 667

Still on the way down here.  I think properties are coming on and it is just that so many are being sold.

[Kyouken]

Another week on and down to 648 available out of 3227

[Kyouken]

Today down to 644 out of 3207 so seems to be slowing up a it although earlier in the week i saw it at 630 one day.

[MattW]

Good grief, I thought numbers might start to increase. 

[Kyouken]

On 16/05/2021 at 09:27, MattW said:

Good grief, I thought numbers might start to increase. 

Well you will be happy to hear that this week there does seem to have been an uptick.

 

663 of 3230, there seems to have been a few more added over the last couple of days although usually i don't check this late in the night.

[Kyouken]

Annnnd then it went back down again 638 out of 3259....

[Kyouken]

Now 641 out of 3271

[MattW]

Up 3. Onwards and upwards!

[Kyouken]

Remaining pretty flat now at 640 out of 3224

[Kyouken]

656 out of 3234

[Kyouken]

666 out of 3134

[Kyouken]

658 of 2998

[Kyouken]

653 of 2876

[Kyouken]

655 of 2849 available

[Kyouken]

661 out of 2898 available