tinecu Posted December 13, 2010 Report Share Posted December 13, 2010 http://www.home.co.uk/asking_price_index/HAPIndex_DEC10.pdf Not as dramatic as the volatile Rightmove index but the fuller picture is that the property market is in for more pain. Quote Link to post Share on other sites
guitarman001 Posted December 13, 2010 Report Share Posted December 13, 2010 Why does it differ so much from rightmove if they both reflect asking prices as opposed to approvals? Quote Link to post Share on other sites
guitarman001 Posted December 13, 2010 Report Share Posted December 13, 2010 No answers? Quote Link to post Share on other sites
NEO72 Posted December 13, 2010 Report Share Posted December 13, 2010 Maybe this index tracks all asking prices, not just initial (like rm)? That would explain why rm is more volatile (only covers 1 month's worth of instructions). Quote Link to post Share on other sites
Normal Posted December 13, 2010 Report Share Posted December 13, 2010 Why does it differ so much from rightmove if they both reflect asking prices as opposed to approvals? Different mix-adjustment, different exclusions. Home API excludes anything over £1,000,000 which seems to make a big difference to the Greater London figures. Quote Link to post Share on other sites
guitarman001 Posted December 13, 2010 Report Share Posted December 13, 2010 Thanks, guys..! Quote Link to post Share on other sites
rantnrave Posted December 13, 2010 Report Share Posted December 13, 2010 Taken from the horse's mouth... Following an alarming trend, the typical (median) Time on Market for unsold properties has risen a further 17 days since last month and now stands at 135 days. Meanwhile the average (mean) Time on Market is also up 15 days to 207 days. Quote Link to post Share on other sites
Timm Posted December 13, 2010 Report Share Posted December 13, 2010 Maybe this index tracks all asking prices, not just initial (like rm)? That would explain why rm is more volatile (only covers 1 month's worth of instructions). This is correct. Quote Link to post Share on other sites
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