Harlow property market February 2025 up or down?
Jukes Estate Agents take their regular monthly look at the Harlow property market. Using data from property experts The Advisory (https://www.theadvisory.co.uk/), they look at the the four postcode sectors CM17, CM18, CM19 & CM20. The method is simply. They divide the amount of properties on the market by the amount of properties sold. This gives a percentage that they choose to call degrees. Therefore, we can see if the market is cooling down or heating up.
Harlow property market in February 2025.
February has proved to be a tad disappointing to be honest. Yes we expected a slight slow down with it being too late to secure a sale in time to benefit from the stamp duty relief. Properties coming to market in Harlow have risen by 13% and whilst there has been a rise in buyers (8%), with more new properties than new buyers, there was bound to be a reduction in percentage of properties sold. However, with the drop in the Bank of England base rate, we would have hoped that that would have lessened the reduction in percentage of listed properties sold.
CM17
CM17 fell in February to 50 degrees. In other words, 50% of property listed sold. Data sourced from The Advisory (https://www.theadvisory.co.uk/).
When CM17 is analysed we can see the following results since January 2024:
Jan 43%. Feb 39%. Mar 40%. Apr 45%. May 45%. Jun 47%. Jul 49%. Aug 49%. Sept 45%. Oct 46%. Nov 47%. Dec 49%. Jan 2025 54%. Feb 2025 50%.
The last month saw CM17 fall by 4%. This stopped 5 consecutive months of improvement. On the plus side, CM17 is still higher than any other month since Jan 2024 apart from Jan 2025.
CM18
CM18 is down to 63 degrees.
Let’s look at what CM18 has done since Jan 2024:
Jan 57%. Feb 55%. Mar 62%. Apr 63%. May 61%. Jun 58%. Jul 62%. Aug 61%. Sept 59%. Oct 55%. Nov 58%. Dec 63%. Jan 2025 68%. Feb 2025 63%.
CM18 fell by 5% in February ruining 4 previous monthly increases, and whilst this is the trend over all four Harlow postcodes, CM18 remains at Dec 24 levels and above those of May, June, July, August, September, October & November.
CM19
Harlow property market February 2025 up or down?
CM19 dropped to 52 degrees (%).
Let’s look at its performance since Jan 2024:
Jan 45%. Feb 45%. Mar 52%. Apr 51%. May 47%. Jun 51%. Jul 54%. Aug 56%. Sept 55%. Oct 56%. Nov 56%. Dec 58%. Jan 2025 58%. Feb 2025 52%.
This has been a big disappointment. a 6% fall takes it down to a level it has not been as low as since Jun 2024. CM19 needs a watchful eye kept on it over the next 2/3 months to see if there is a trend. It is possible that, as Roydon with its expensive properties forms a large chunk of CM19, that the slow down will be felt harder here than in the other Harlow postcodes.
CM20
CM20 dropped to 61%.
Let’s look at its performance since Jan 2024:
Jan 51%. Feb 49%. Mar 55%. Apr 56%. May 56%. Jun 60%. Jul 61%. Aug 59%. Sept 55%. Oct 59%. Nov 61%. Dec 62%. Jan 2025 66%. Feb 2025 61%
Four consecutive increases have been spoilt by CM20 dropping to 61%. However, it was at this level back in Nov 2024 & only 1% lower than Dec 2024 so CM20 stays in line with its cousins Cm17 & CM18.
CONCLUSION
A set of slightly disappointing stats for Harlow this February. If it’s just down to the stamp duty relief and the increase in stock then there is little or nothing to worry about. Buyers seem to be on the up and hopefully Harlow Estate Agents will try to curb their apparent insistence to over price just to get the instruction.