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tyrano

Estate Agent Supply Levels West Midlands

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This clearly illustrates how stock levels have fallen.

Here is a graph of houses for sale on Rightmove from 3 estate agents in my area, it runs from July 2014 to the current day.

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The estate agents are Taylors, Connells and Derek Spires in Bearwood. Taylors started off as Taylors but it morphed into Humberstones quite a while back.

I've shared the raw numbers too, should someone find this interesting.

estate.txt

post-40822-0-38040000-1457202050_thumb.jpg

estate.txt

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The stock levels look exactly the same for my areas of interest, North Wales and Derbyshire... Oct 2014 seems to be the critical point when numbers fell sharply then continued a steady further decline right up to present.

I've still not figured out what happened in Oct '14 to make everyone suddenly decide they don't want to sell their houses anymore.

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This matches what my estate agent friend said in Coventry. I'm guessing prices too high for people to want to move.

I can't believe talk of recession isn't also scaring people into taking on a new commitment - its stopping my Mother in-law from her planned move (to a larger place for the family).

This causes a dilemma for agents, no stock, no sales, no income. Time for them to the opposite of what they have been doing - ie time to start talking the market down? Wonder when they'll stop being so thick...dumb question...

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