🌆🏠 GRAVESHAM PROPERTY MARKET UPDATE

🌆🏠 GRAVESHAM PROPERTY MARKET UPDATE - JUNE 2024 🏠🌆

The Gravesham Property Market (DA11 & DA12). Here we look at data for new listings, sales and the time its currently taking to sell a property. Data up to June 30th, 2024 📅

📰 Headlines - DA11 & DA12

📋 Listings

- 📉 Listings for last Month (June 2024) decreased by 3% when compared to June 2023 (from 148 to 143).

- 📈 Accumulative Total Gross Listings YTD are 4.8% higher than 2023 YTD levels and 16.9% higher than 2022.

- 📊 This year's YTD listings stand at 815, which is 9% higher than the historical 3-year YTD average of 752 properties.

- 💷 The average asking price in Gravesend, for ALL property types, at June 2024: £367,414 (an increase of 4% when compared to June 2023).

- 🏡 The average asking price in Gravesend, for a Detached property, at June 2024: £575,493 (a decrease of 2% when compared to June 2023).

- 🏘️ The average asking price in Gravesend, for a terraced property, at June 2024: £339,123 (an increase of 1% when compared to June 2023).

- 📉 The average national asking price in June 2024: £375,110 (a drop of £21 from last month).

💰 Sales

- 📈 Total Accumulative Gross Sales YTD are 3.7% higher than 2023 YTD levels and 2.5% lower than 2022 levels.

- 🏡 Gross Sales for June: 112 properties were sold STC in June, a 4.7% increase from last June's figures (107) and a 5% decrease from last month's Gross Sales figures (118).

- 📉 Total accumulative Gross Sales YTD stand at 619, which is below the YTD average of the last 3 years of 668 (2023/22/21).

⏳ Overall time to sell (over the last 90 days)

- ⏱️ Average selling time – 91 days (a reduction of 7 days on last month).

- ⏱️ Median selling time – 43 days (a reduction of 2 days on last month).

This represents the actual time taken from a property coming onto the market to reaching a ‘sold status’ on the portals.

(Note: The mean is the number you get by dividing the sum of a set of values by the number of values in the set. In contrast, the median is the middle number in a set of values when those values are arranged from smallest to largest.)

If you have any questions or need further assistance, do not hesitate to contact the team. We are here and ready to help 🤝.

📞 01474 321 957

📧 sales@mandmprop.co.uk

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