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End Of Month Local House Price Results

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At the end of every week I do the same search on Rightmove and note price changes. Today I looked at the position end of April, end of May and end of June. Results as follows:

Date * No of Houses for Sale (ex STC) * No of Price Reductions * No of Price Increases

28/04/10 * 653 * 38 * 4

26/05/10 * 905 * 62 * 5

25/06/10 * 984 * 89 * 6

Effectively 5% of the houses for sale in April were reduced and 10% in June.

(I do look at figures including STC as well but I thought that this was enough for now. Search criteria - + 10 Miles, 3 beds, £140k - £250k)

[Having problems with headings, maybe you can decipher?]

Edited by Reluctant Heretic
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I think the best Conclusion to be taking from you data is that stock has increased by 50% over the last 3 months! More sellers than buyers downward pressure on initial asking prices as well existing ones to be reduced.

Thanks for your input. It also seemed to me that the cuts in June were more significant than usual but I didn't analyse them.

I think that the next few months will be interesting.

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