Harlow property market Oct 24 up or down?
When Jukes Estate Agents Harlow did their last blog in September 2024 they predicted a rise in October. How did their predictions fair?
Co owner Geoff Flewers says: “We got three out of four predictions correct. CM18 was the one we got wrong and to be honest, the results there are a little worrying!
CM17
Cm17 rose in the last month to 46 degrees. In other words, 46% 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%. The last month saw CM17 only rise by 1 degree (1%). However, a 1% rise is way better than a 1% fall. The next month should see another small rise.
CM18
This is the only postcode that Jukes got wrong. It has suffered the third consecutive fall. Strangely, the last 4 months figures almost mirror the previous 4 months. So what do Jukes think will happen over the next month? Let’s look at 2024 to date:
Jan 57%. Feb 55%. Mar 62%. Apr 63%. May 61%. Jun 58%. Jul 62%. Aug 61%. Sept 59%. Oct 55%.
CM18 is a slight worry. Mar, Apr, May, Jul & Aug saw figures higher than any other Harlow postcode. In fact CM18 has topped the ‘sold charts’ in Harlow 9 months out of ten in 2024. The only month it wasn’t top was June when CM20 knocked it into second place. This month has seen CM18 slip into 3rd place behind CM20 & CM19! Jukes co owner Geoff Flewers says: “What has happened to CM18 was not predicted. However, I am predicting a rise over the next month.”
CM19
CM19 showed a slight increase in the last month which Jukes predicted. It is performing some 11% (or degrees) better now than in January 2024. Here are the 2024 figures to date:
Jan 45%. Feb 45%. Mar 52%. Apr 51%. May 47%. Jun 51%. Jul 54%. Aug 56%. Sept 55%. Oct 56%.
CM19 is as high in the rankings (56%) as it has been all year. Jukes predict another small rise over the next month.
CM20
Harlow property market Oct 2024 up or down?
CM20 takes over the mantle as the top performing Harlow postcode. Achieving 59 degrees (59%). Whilst CM20 was at 61% back in July, it had the biggest increase (4% or degrees) of all the Harlow postcodes. 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%.
CM20 has never been out of the top two when it comes to percentage sold. Jukes predicts another rise in the next month.
CONCLUSION
Harlow property market Oct 2024 up or down?
Co owner Geoff Flewers concludes: Overall the Harlow property market rose by 2% in the last month which was expected and predicted. I predict a slightly larger rise over the next month with all four postcodes rising.