Assessing the Current Trends in Bath's Property Market: Navigating a Period of Adjustment

The property market in Bath and the surrounding area is experiencing a period of adjustment. After several years of sustained growth, we are now seeing a noticeable correction in asking prices as supply begins to outpace demand.

This is increasingly reflected in listings on portals like Rightmove, where "price reduced" tags have become more common. In some cases, vendors are switching agents altogether to re-launch at a new, more market-sensitive price, without the optics of a reduction.

While such changes can initially feel unsettling, especially for sellers, they are part of a natural market cycle. A healthy property market requires alignment between buyer and seller expectations. Right now, we’re in a phase where realism is key.

For buyers, particularly those who are chain-free, cash-ready, or moving from more buoyant markets such as part of London, this presents a genuine opportunity. There is room to negotiate, and properties that may have felt out of reach a year ago could now fall within budget.

For sellers, it's important to recognise that while prices may not match the peaks of 2021–2022, they remain historically strong. If you're planning to remain in the area, accepting a revised figure can actually work in your favour, especially if you're upsizing. A market-wide correction means the next property you buy is also likely to be better value, potentially improving your overall financial position.

Ultimately, confidence and realism need to return on both sides. Vendors should feel reassured that pricing correctly is not about ‘losing money’ but rather keeping pace with the current market. Meanwhile, buyers need to feel confident that they are purchasing at fair value.

Bath's property market remains attractive, underpinned by strong fundamentals such as excellent schools, heritage charm, and connectivity. This current adjustment phase is not a crash, but a recalibration, creating opportunities for considered and well-informed moves.

If you're thinking about buying or selling and want some clear, honest guidance, we’d be delighted to help. We offer a free initial consultation - get in touch via www.ottershomesearch.com or email us at hello@ottershomesearch.com.