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Bear Goggles

Number Of Properties Listed For Sale Up A Quarter In Last Month

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I know everyone's distracted with Black Monday and everything, and this is from the Daily Heil, but check this out:

Number of properties listed for sale up a quarter in last month

http://www.dailymail.co.uk/money/mortgageshome/article-3208677/Number-properties-listed-sale-quarter-month.html

The number of properties listed for sale per estate agency was up a quarter in July compared to the previous month, according to latest data from professional body the National Association of Estate Agents.

It said there were 55 properties listed for sale per branch last month compared to 44 in June - a level not recorded since the summer of 2013 when an average of 57 were listed per branch.

This is July btw. Obviously being the Heil they finish the article by spinning it towards higher prices - record demand from buyers etc. And there's no indication on where they are being listed - London focused? Just a normal seasonal blip?. BTLers starting to sell? The tax changes were only announced on the 8th of July though.

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Everyone is seeing current prices as a possible top and wants to cash in!

All I see on rightmove/property bee is insane initial asking price for mediocre houses, price drops, sales falling through followed by multi-agent listings.

Those people wanting mega bucks for their houses have missed out by 12 months,

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Is this unusual for the timeof year?

What, panic selling ?

Yes.

If it's made it into a national newspaper it's not usual and ask yourself why the MSM are now pushing this sort of story.

Edited by TheCountOfNowhere

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Not seeing any increase in quantity or quality in my area... just the usual mix of crap houses in crap areas which nobody wants to buy at any price, or slightly nicer houses in ok'ish areas that are stupidly overpriced.

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