House Prices Ease Back
Hometrack, the property analytics business, has just released their most recent survey data showing the third month of falling prices.
A brief outline of their findings is given below, which include positive indicators such as an increase in the number of new buyers registering and slight increase in the percentage of asking price being achieved.
|
Summary |
Aug |
Sept |
Oct |
| Monthly price change (%) | -0.1 | -0.1 | -0.1 |
| % change in new buyers registering with agents | -1.3 | -3.6 | 0.3 |
| % change in volume of property listing | 0.8 | -0.9 | 1.4 |
| % change in sales agreed | 6.4 | -0.4 | 9.2 |
| Average time on the market (weeks) | 9.5 | 9.9 | 9.9 |
| % of the asking price being achieved | 93.0 | 93.0 | 93.2 |
| % postcode districts with price increase over month |
3.6 | 6.0 | 5.7 |
| % postcode districts with price decrease over month |
27.1 | 23.6 | 31.0 |
Even with the more positive outlook created by the UK moving back into economic growth in the third quarter of 2012, it is expected the housing market will remain subdued until there is sustained economic growth and an increase in real household incomes.
October 31st, 2012