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Rightmove Data

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Hello again all,

Something just came to my attention that I have not seen discussed on this forum before.

I had not realised that the Rightmove survey is based only on the price of a house as it is initially listed. There is no adjustment reflected should that asking price subsequently be reduced prior to sale.

As quoted from the Rightmove website:

"Rightmove: compiled from asking prices of properties as they come on the market via

Rightmove's member estate agents over the previous month, covering half the market. Not

seasonally adjusted."

I have an almost related question as well. The Righmove survey is not seasonally adjusted whereas the Halifax and Nationwide ones are. Does anyone know exactly what a Seasonal adjustment is?

Many thanks

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Hello again all,

Something just came to my attention that I have not seen discussed on this forum before.

I had not realised that the Rightmove survey is based only on the price of a house as it is initially listed. There is no adjustment reflected should that asking price subsequently be reduced prior to sale.

As quoted from the Rightmove website:

"Rightmove: compiled from asking prices of properties as they come on the market via

Rightmove's member estate agents over the previous month, covering half the market. Not

seasonally adjusted."

I have an almost related question as well. The Righmove survey is not seasonally adjusted whereas the Halifax and Nationwide ones are. Does anyone know exactly what a Seasonal adjustment is?

Many thanks

'Seasonal adjustment', in this case is basically whereby you smooth out the data's monthly ups and downs over the period of a year, to give a more easily comparable picture. For example, if we compared December and May's figures where house prices are concerned, May would be way higher, even if the market was totally static. So instead they adjust the figures using a kind of nominal adjuster in order to see if the true picture is one of increase or decrease.

Therefore, Nationwide and Halifax might not look so bad last month, as notoriously August is a bit crap and they'll have boosted the numbers to compensate.

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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