Harlow property market Nov 2024 up or down?
When Jukes Estate Agents Harlow did their last blog about the heat of the Harlow property market in October 2024 they predicted a rise in November. How did their predictions fair?
Co owner Geoff Flewers says: “We got three and a half out of four predictions correct. We got CM17, CM18 & CM20 correct and we predicted a small rise for CM19 but it stayed the same!
CM17
CM17 rose in the last month to 47 degrees. In other words, 47% 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%. The last month saw CM17 only rise by 1 degree (1%) again. However, a 1% rise is way better than a 1% fall. I am sticking my neck out here with predictions for mid December BUT, I am predicting a small fall. This is because seasonally, things start to slow down now as we head towards Christmas.
CM18
I got this wrong last month & I didn’t understand why it had dropped again.
Panic over! I predicted a rise & a rise we got. It rose from 55% (or degrees) to 58% (or degrees). Lets look at 2024:
Jan 57%. Feb 55%. Mar 62%. Apr 63%. May 61%. Jun 58%. Jul 62%. Aug 61%. Sept 59%. Oct 55%. Nov 58%
CM18 is now back at a much healthier level. 58% may only be the seventh highest rating this year but it’s back on the way up. Will it rise again in a month’s time? I predict a small rise so fingers crossed.
CM19
Harlow property market Nov 2024 up or down?
CM19 caught me out this month. I predicted a small rise but it flat lined! So I wasn’t entirely wrong. Let’s look at the whole of 2024 so far for CM19:
Jan 45%. Feb 45%. Mar 52%. Apr 51%. May 47%. Jun 51%. Jul 54%. Aug 56%. Sept 55%. Oct 56%. Nov 56%.
Whilst it stayed at 56% (or degrees), CM19 is still at the highest rating it has been at in 2024. However, having said that I am predicting a small fall for CM19.
CM20
CM20 remains the top performing Harlow postcode achieving 59 degrees (59%). Let’s look at the 2024 breakdown:
Jan 51%. Feb 49%. Mar 55%. Apr 56%. May 56%. Jun 60%. Jul 61%. Aug 59%. Sept 55%. Oct 59%. Nov 61%
CM20 is now back at its highest 2024 rated of 61% (degrees). CM20 has never been out of the top two when it comes to percentage sold. I predict another small increase.
CONCLUSION
Co owner Geoff Flewers concludes: Overall the Harlow property market rose by 5% in the last month which was expected and predicted. I predict a smaller rise over the next month of no more than 2%, although I would not rule anything out at this unpredictable time of the year.