I am seeing some alarming data on UKPL.
The index shot up another £1,600 in a week, thats about 9K in a month.
The median price has gone up 5,000 in a month too, up 10K from the Jan low.
This does indicate a definite bias towards top end prices being listed.
Regionally wise though, this is the scary bit:
East midlands: +2% QOQ -1.29% YOY
London up 5% QOQ, 0.8% YOY
North East up 3% QOQ and 6.3% YOY !!!
North West up 4% QOQ and 8 % YOY !!!
Scotland: Up 14% QOQ and 20% YOY <<<<<< CRAZY
South East: Up 7% QOQ, 0.4% YOY
South west up 7.5% QOQ, 0.1% YOY
Wales, up 4.6% QOQ, Down -0.2% yoy
West Mids, 3.9% QOQ, 3.3% YOY
Yorkshire 4.2% QOQ, 1.36% YOY
Overall: +1.8% MOM, +4.5% QOQ and -5.6% yoy and -5.9% from peak.
Median: +1.5% MoM +4.6% QOQ and 0% YOY and -1.44% from peak
Available listings wise, they are still shooting up: +3% MOM, +9% QOQ +64% YoY.
many regions have double the listings from this time last year. London being the exception, its gone up 17% but it didn't fall as much.
My only saving grace is that the shire data that I have shows Northamptonshire is falling again and listings continue to rise
Dunno what to make of this, a last hurrah, a return to normal, total desperation, a resurgent market, delusion, more affordable housing that's the pay rises for some.
I was not expecting this and it doesn't look like ending any time soon looking at the rate of travel.
God help us all.