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House Price Crash Forum
devils advocate

Prices Drop 10%, Average House Price Rises 15%

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This simple table proves how prices can fall by 10% across the board, whilst average prices rise by 15%.

Look at year 1. Hopefully its broadly representative of the price profile of the market, with a far greater number of sales at the lower prices. In year 2, where all prices drop 10%, the volumes significantly decrease in the lower half of the price range. This therefore sends the average price higher.

I can't help but think that this effect has been influencing the statistics issued by the usual VIs, where prices appear to be relatively stable year on year.




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