TheCountOfNowhere Posted March 5, 2021 Share Posted March 5, 2021 (edited) As usual...no good news. Current asking prices up 1% mom, but not at all time peak (Nov 2020) and are down 1.8 on the QoQ figure, YoY up 8.8% !!! Sales volumes at new all time low !!! Down 7.6% mom, 20% QoQ and 18% yoy. This echos what many on here have been saying, nothing is coming to the market and prices are insane. Not surprising with lock down. The asking prices remain stubbornly high and with the latest criminal support from the property owning scumbags in power I dont think that's going to change till later in the year. Edited March 5, 2021 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 5, 2021 Author Share Posted March 5, 2021 Region wise: East Mids MoM: +3.4% QoQ: +3.96% YoY: +6.60% Sales volumes: MoM: -8.5% QoQ: -14.8% YoY: -22.2 % That's slightly worrying as it was flat before 😐 Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 5, 2021 Author Share Posted March 5, 2021 East of England MoM: +1.0% QoQ: +1.2% YoY: +2.34% Sales volumes: MoM: -8.6% QoQ: -20.18% YoY: -25.78 % Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 5, 2021 Author Share Posted March 5, 2021 London ( some better news ) MoM: -0.41% QoQ: +1.0% YoY: -6.29% Sales volumes: MoM: -5.17% QoQ: -13.45% YoY: +23.6% Every other area has seen a yoy decrease on the number of listings !!!!! Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 5, 2021 Author Share Posted March 5, 2021 (edited) North East MoM: -0.63 QoQ: +1.76 YoY: +9.06 JESUS WEPT Sales volumes: MoM: -8% QoQ: -16% YoY: -36% Edited March 5, 2021 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 5, 2021 Author Share Posted March 5, 2021 (edited) North West ( some better news ) MoM: -0.11% QoQ: -1.12% YoY: +4.08% Sales volumes: MoM: -6% QoQ: -16% YoY: -28% Edited March 5, 2021 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 5, 2021 Author Share Posted March 5, 2021 (edited) Scotland ( one to watch after April when the SDC is restored ) MoM: +1.33% QoQ: -1.95% YoY: +4.03% Sales volumes: MoM: -10% QoQ: -15% YoY: -23% Edited March 5, 2021 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 5, 2021 Author Share Posted March 5, 2021 South East MoM: +0.57% QoQ: -0.97% YoY: -2.71% Sales volumes: MoM: -7% QoQ: -21% YoY: -18% Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 5, 2021 Author Share Posted March 5, 2021 South West ( the winner ) MoM: 0% QoQ: -1.94% YoY: -1.61% Sales volumes: MoM: -10% QoQ: -22% YoY: -29% Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 5, 2021 Author Share Posted March 5, 2021 Wales MoM: 1.05% QoQ: +0.25% YoY: +4.83% Sales volumes: MoM: -10% QoQ: -10% YoY: -25% Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 5, 2021 Author Share Posted March 5, 2021 West Mids MoM: +0.99% QoQ: +0.63% YoY: +0.46% Sales volumes: MoM: -9% QoQ: -20% YoY: -19% Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 5, 2021 Author Share Posted March 5, 2021 Yorkshire and Humber MoM: +0.87% QoQ: +1.04% YoY: +5.45% Sales volumes: MoM: -9% QoQ: -19% YoY: -27% Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 5, 2021 Author Share Posted March 5, 2021 (edited) In Summary Non functioning market Average prices skewed by London and sales volumes collapsed. The whole things is a sick corrupt joke. Not sure how EAs can claim anything right now. Are you happy about your taxes being used to support this criminal scam ? Edited March 5, 2021 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
Smiley George Posted March 5, 2021 Share Posted March 5, 2021 Interesting stuff @TheCountOfNowhere thanks for compiling. Does reflect what I'm seeing in the outer London suburbs, big jump in properties coming on to the market this last week in our search areas. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 5, 2021 Author Share Posted March 5, 2021 1 minute ago, Smiley George said: Interesting stuff @TheCountOfNowhere thanks for compiling. Does reflect what I'm seeing in the outer London suburbs, big jump in properties coming on to the market this last week in our search areas. Yeah, London is the Housing Market now. It's no surprise that Sunak's "help" scheme covers the average price of housing in London. These ****s need locking up for what they are doing. This wont end till people start protesting and making sure they know exactly what's going to happen if this treachery continues. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 5, 2021 Author Share Posted March 5, 2021 @GettingBoredThis doesn't necessarily match up with your Initial asking price figures. Can you do an Current asking price version of your index too ? Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 5, 2021 Author Share Posted March 5, 2021 I didn't post the charts, they're on the twitter feed but the chart of the listings is significant Even last year during lockdown we didn't see such a fall and the trend was down anyway. People can't afford to move and pay these prices, the market has eaten it's own tail. All those gloating scumbag commission based 2nd hand house salesmen are going hungry this year. Quote Link to comment Share on other sites More sharing options...
frrich11 Posted March 5, 2021 Share Posted March 5, 2021 5 hours ago, TheCountOfNowhere said: As usual...no good news. Current asking prices up 1% mom, but not at all time peak (Nov 2020) and are down 1.8 on the QoQ figure, YoY up 8.8% !!! Sales volumes at new all time low !!! Down 7.6% mom, 20% QoQ and 18% yoy. This echos what many on here have been saying, nothing is coming to the market and prices are insane. Not surprising with lock down. The asking prices remain stubbornly high and with the latest criminal support from the property owning scumbags in power I dont think that's going to change till later in the year. Visit river cree resort https://www.rivercreetickets.com/restaurants to play sports and casino with your family and friends. See you there! Interesting info, thanks Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 5, 2021 Author Share Posted March 5, 2021 16 minutes ago, frrich11 said: Interesting info, thanks yeah, all facts are welcome, good or bad. London is the really interesting one for me. Could see it drop off a cliff in a few weeks, there's only 6 weeks to find a buyer and get a sale process in reality to get your £500K, stamp duty sale through...so no chance really. Quote Link to comment Share on other sites More sharing options...
Unmoderated Posted March 5, 2021 Share Posted March 5, 2021 5 hours ago, TheCountOfNowhere said: As usual...no good news. Current asking prices up 1% mom, but not at all time peak (Nov 2020) and are down 1.8 on the QoQ figure, YoY up 8.8% !!! Sales volumes at new all time low !!! Down 7.6% mom, 20% QoQ and 18% yoy. This echos what many on here have been saying, nothing is coming to the market and prices are insane. Not surprising with lock down. The asking prices remain stubbornly high and with the latest criminal support from the property owning scumbags in power I dont think that's going to change till later in the year. Country total YoY up 8.8% but at a regional level only North East above this but against massive falls in London? Not sure these all line up? Is there a region or two missing? Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 5, 2021 Author Share Posted March 5, 2021 22 minutes ago, Unmoderated said: Country total YoY up 8.8% but at a regional level only North East above this but against massive falls in London? Not sure these all line up? Is there a region or two missing? I'd not normally reply to you since you're on my troll list but....it's a fair question. NI, Channel islands I don't bother posting about, it's something like 200 houses in total, they are in the overall calculation though. The 8.8% rise is mainly down to the relative number of properties listed in London going up and everywhere else going down, the prices in London are that significantly different. Even with a large fall in London prices, given the average price, it's still enough to force the whole index up so the regional indexes are a much better guide to where prices are. Look at the YoY volumes, london up 26%, everywhere else down 20%. It's significant...everyone is trying to escape London because the BBC tells them to but no one much is selling. This'll be why the property owning scum in power is "helping" people pay £600K for a slave box. The SE and London have approx 1/3 of all houses up for sale now. Average prices for those areas being £886K for London and £442K for the SE. They have a very very very broken housing pyramid scam now. Quote Link to comment Share on other sites More sharing options...
Voice of Doom Posted March 5, 2021 Share Posted March 5, 2021 5 hours ago, Smiley George said: Interesting stuff @TheCountOfNowhere thanks for compiling. Does reflect what I'm seeing in the outer London suburbs, big jump in properties coming on to the market this last week in our search areas. Snap re. Outer London. I have just finished some Rightmove browsing. Ended up with "chain free" in my head to the tune of Born Free. And thanks @TheCountOfNowhere for putting that together. Quote Link to comment Share on other sites More sharing options...
Unmoderated Posted March 5, 2021 Share Posted March 5, 2021 13 minutes ago, TheCountOfNowhere said: I'd not normally reply to you since you're on my troll list but....it's a fair question. NI, Channel islands I don't bother posting about, it's something like 200 houses in total, they are in the overall calculation though. The 8.8% rise is mainly down to the relative number of properties listed in London going up and everywhere else going down, the prices in London are that significantly different. Even with a large fall in London prices, given the average price, it's still enough to force the whole index up so the regional indexes are a much better guide to where prices are. Look at the YoY volumes, london up 26%, everywhere else down 20%. It's significant...everyone is trying to escape London because the BBC tells them to but no one much is selling. This'll be why the property owning scum in power is "helping" people pay £600K for a slave box. The SE and London have approx 1/3 of all houses up for sale now. Average prices for those areas being £886K for London and £442K for the SE. They have a very very very broken housing pyramid scam now. Got it! Overall more houses coming onto market at a higher price, but those prices are not as high as they'd been in the past (for London). Are you seeing more stuff (BTL fodder) coming on as tenants give it legs and leave London while more established people in more expensive housing are sitting tight? Thanks for replying. I'm not a troll - honestly. I think the housing market is as insane as you and many others on here. Agreed London volumes are significant. I've been pretty much anti-London since 2007, I've never really understood why anyone without significant money would want to put up the conditions. I'm really very surprised though by the rate of increase in the North East, is this down to a change in the property mix? People in bigger houses moving around? Thanks Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 5, 2021 Author Share Posted March 5, 2021 49 minutes ago, Unmoderated said: Got it! Overall more houses coming onto market at a higher price, but those prices are not as high as they'd been in the past (for London). Are you seeing more stuff (BTL fodder) coming on as tenants give it legs and leave London while more established people in more expensive housing are sitting tight? Thanks for replying. I'm not a troll - honestly. I think the housing market is as insane as you and many others on here. Agreed London volumes are significant. I've been pretty much anti-London since 2007, I've never really understood why anyone without significant money would want to put up the conditions. I'm really very surprised though by the rate of increase in the North East, is this down to a change in the property mix? People in bigger houses moving around? Thanks Maybe I got mixed up, I'm a bit trigger happy at the mo, unblocked The stress of all this stuff is palpable and I've no time for the real trolls. Surely even the trolls are starting to realise just how messed up this is ? Not sure about the other areas, I am thinking genuine prices rises because these ares have been depressed for years. Anyone moving back home from london could easily over pay. The long and the short of it is....there's nothing worth buying at the moment at any price. Quote Link to comment Share on other sites More sharing options...
rb391 Posted March 5, 2021 Share Posted March 5, 2021 Many thanks for this Count, always good to read, the graph showing the number of listings is really telling. How many of those listed have been listed, taken off and relisted again? (On continuous loop). goes to show what is listed isn’t shifting (Except London) and when restrictions ease, we could see a glut of properties put onto the market, with perhaps some considerable pent up demand however at this prices, who can buy? 🙄 Quote Link to comment Share on other sites More sharing options...
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