spxy Posted July 29, 2023 Share Posted July 29, 2023 Find you area on home.co.uk and let's see which direction the market is going for you. The navigation is crap on the site select change location on the box top left This is Poole https://www.home.co.uk/guides/house_prices_report.htm?location=poole&startmonth=05&startyear=2022&endmonth=05&endyear=2023 Quote Link to comment Share on other sites More sharing options...
Up the spout Posted July 29, 2023 Share Posted July 29, 2023 That's a new site I wasn't aware of before. The postcode area I selected shows volume has been crushed, and prices are back down to 2017/8 levels and still dropping on the small number which have sold. Quote Link to comment Share on other sites More sharing options...
Standstill Posted July 29, 2023 Share Posted July 29, 2023 Sadly Exeter up 30 percent.... Quote Link to comment Share on other sites More sharing options...
Sackboii Posted July 29, 2023 Share Posted July 29, 2023 Four areas I looked at are all going down. No huge numbers but on average down by between 2% and 11%, the worst (11%) being in E11 (Zone 3 ?) where my step daughter lives. What’s really apparent is that, although overall, prices are down, detached houses in my search areas appear to be increasing in value. Maybe it’s just the effect in the data of people with larger detached places downsizing to smaller places and that it’s just showing in the data as detached houses going up whereas in fact it’s just larger detached houses that are the ones being sold (possibly at lower prices than last year). Another really apparent feature is the number of properties actually sold now verses say six months ago. It’s down by about 50% on average. Combine this with the number of listings of properties on the market, which probably has not far off doubled in the last six months, and it paints a pretty grim picture. This implies 75% of properties on the market are somewhat unaffordable to many and are just not selling, and the ones that are selling are selling for less. Quite clear, no plateau. Quote Link to comment Share on other sites More sharing options...
ExeC-UK Posted July 29, 2023 Share Posted July 29, 2023 (edited) https://www.home.co.uk/guides/house_prices_report.htm?location=south_benfleet&startmonth=05&startyear=2022&endmonth=05&endyear=2023 My area shows opposite, which doesn't make sense. Edit; Noticed the "properties sold" graph, which is very telling! Edited July 29, 2023 by ExeC-UK Quote Link to comment Share on other sites More sharing options...
Sackboii Posted July 29, 2023 Share Posted July 29, 2023 16 minutes ago, ExeC-UK said: https://www.home.co.uk/guides/house_prices_report.htm?location=south_benfleet&startmonth=05&startyear=2022&endmonth=05&endyear=2023 My area shows opposite, which doesn't make sense. Edit; Noticed the "properties sold" graph, which is very telling! Same trend - detached houses up, but see my comments above, is it just bigger places being sold ? Quote Link to comment Share on other sites More sharing options...
Armus Posted July 29, 2023 Share Posted July 29, 2023 Prices are trending up where I searched but volumes have absolutely collapsed. Quote Link to comment Share on other sites More sharing options...
dpg50000 Posted July 29, 2023 Share Posted July 29, 2023 Chunky reductions in my area, and volumes absolutely mullered https://www.home.co.uk/guides/house_prices_report.htm?location=preston&startmonth=05&startyear=2022&endmonth=05&endyear=2023 Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted July 29, 2023 Share Posted July 29, 2023 The format is similar to "Plumplot" but they seem to be charging for access to graphs etc. now? Quote Link to comment Share on other sites More sharing options...
NoHPCinTheUK Posted July 29, 2023 Share Posted July 29, 2023 It’s a bloodbath across all London’s postcode I’ve checked. Prices haven’t taken a huge hit yet but volumes have simply collapsed. -50/60pc compared to last year it’s the norm. Quote Link to comment Share on other sites More sharing options...
70PC Posted July 29, 2023 Share Posted July 29, 2023 5 hours ago, spxy said: Find you area on home.co.uk and let's see which direction the market is going for you. The navigation is crap on the site select change location on the box top left This is Poole https://www.home.co.uk/guides/house_prices_report.htm?location=poole&startmonth=05&startyear=2022&endmonth=05&endyear=2023 Good one and thanks! This was an eye opener. Quote Link to comment Share on other sites More sharing options...
nero120 Posted July 30, 2023 Share Posted July 30, 2023 Take a look at Bristol... ouch https://www.home.co.uk/guides/house_prices_report.htm?location=bristol&lastyear=1 Quote Link to comment Share on other sites More sharing options...
NoHPCinTheUK Posted July 30, 2023 Share Posted July 30, 2023 Is there any way I could see volumes for 2019 and 2018? Quote Link to comment Share on other sites More sharing options...
NoHPCinTheUK Posted July 30, 2023 Share Posted July 30, 2023 (edited) Oh found it. Volumes still down 60% compared to 18/19 in Bristol. Volumes are down 15% even against May 2020 when the country was still in a semi-lockdown. NOTHING IS SELLING Edited July 30, 2023 by NoHPCinTheUK Quote Link to comment Share on other sites More sharing options...
dpg50000 Posted July 30, 2023 Share Posted July 30, 2023 2 minutes ago, NoHPCinTheUK said: Oh found it. Volumes still down 60% compared to 18/19 in Bristol. Volumes are down 15% even against May 2020 when the country was still in a semi-lockdown. NOTHING IS SELLING Don't worry / get your hopes up. According to @Stewy, this just means a permanently high plateau 🤣 Quote Link to comment Share on other sites More sharing options...
NoHPCinTheUK Posted July 30, 2023 Share Posted July 30, 2023 London compared to 2019 same picture Flats’ volumes are down 65%, terraced and semis around 50% detached 40%. Flat’s prices only up 2% compared to May 19. Roughly same price and NOTHING IS SELLING. Now the question is how reliable are those data and why hasn’t the Media took notice of them? Numbers are huge and quite frankly scary. Quote Link to comment Share on other sites More sharing options...
stuckinlimbo Posted July 30, 2023 Share Posted July 30, 2023 This might correlate with the CRM data that is referred to by Moving Home With Charlie on YouTube Quote Link to comment Share on other sites More sharing options...
danlee74 Posted July 30, 2023 Share Posted July 30, 2023 On 29/07/2023 at 08:34, spxy said: Find you area on home.co.uk and let's see which direction the market is going for you. The navigation is crap on the site select change location on the box top left This is Poole https://www.home.co.uk/guides/house_prices_report.htm?location=poole&startmonth=05&startyear=2022&endmonth=05&endyear=2023 My neck of the woods, good to see it falling. Painfully slowly watching, tho. Hopefully the speed will pick up in the upcoming quarters. Quote Link to comment Share on other sites More sharing options...
mynamehere Posted July 30, 2023 Share Posted July 30, 2023 (edited) 3 hours ago, NoHPCinTheUK said: London compared to 2019 same picture Flats’ volumes are down 65%, terraced and semis around 50% detached 40%. Flat’s prices only up 2% compared to May 19. Roughly same price and NOTHING IS SELLING. Now the question is how reliable are those data and why hasn’t the Media took notice of them? Numbers are huge and quite frankly scary. if it's land registry, then only 25% of transactions are making it into the initial reports right now, so you really need to wait 3 months or so until the bulk of remaining transactions get added in. (there is a long tail too) volumes for 3 months ago are not far off long term average, so it's possible volume has collapsed, but on other hand this tail off in volume is very much an expected artefact of the process This site also lets you view asking prices up to July for same area, click the house price link on the left. Edited July 30, 2023 by mynamehere Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted July 30, 2023 Share Posted July 30, 2023 4 hours ago, NoHPCinTheUK said: Oh found it. Volumes still down 60% compared to 18/19 in Bristol. Volumes are down 15% even against May 2020 when the country was still in a semi-lockdown. NOTHING IS SELLING No wonder there is a hush over the MSE Troll Farm similar to the last scene in The Birds. Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted July 30, 2023 Share Posted July 30, 2023 3 hours ago, NoHPCinTheUK said: London compared to 2019 same picture Flats’ volumes are down 65%, terraced and semis around 50% detached 40%. Flat’s prices only up 2% compared to May 19. Roughly same price and NOTHING IS SELLING. Now the question is how reliable are those data and why hasn’t the Media took notice of them? Numbers are huge and quite frankly scary. Yes, just think of all that "demand" that is now homeless somewhere, you would think that SKY/BBC would be all over this? Maybe someone should e-mail them...... Quote Link to comment Share on other sites More sharing options...
TenYearToGetMyMoneyBack Posted July 30, 2023 Share Posted July 30, 2023 On 7/29/2023 at 9:28 AM, Sackboii said: This implies 75% of properties on the market are somewhat unaffordable to many and are just not selling, and the ones that are selling are selling for less. Even if people could afford them who would be wanting to buy at the moment ? Probably a lower percentage of people than those inside the ULEZ considering buying a Euro 6 Diesel car. Quote Link to comment Share on other sites More sharing options...
Sackboii Posted July 30, 2023 Share Posted July 30, 2023 32 minutes ago, TenYearToGetMyMoneyBack said: Even if people could afford them who would be wanting to buy at the moment ? No one I know is looking to move. Then again, no one I know is struggling financially, at least they’re not saying so if they are. Yes, things are tougher for many I know out there and they’re reigning their spending in accordingly. But any thoughts of moving ? No chance.. Quote Link to comment Share on other sites More sharing options...
spxy Posted July 31, 2023 Author Share Posted July 31, 2023 19 hours ago, mynamehere said: if it's land registry, then only 25% of transactions are making it into the initial reports right now, so you really need to wait 3 months or so until the bulk of remaining transactions get added in. (there is a long tail too) volumes for 3 months ago are not far off long term average, so it's possible volume has collapsed, but on other hand this tail off in volume is very much an expected artefact of the process This site also lets you view asking prices up to July for same area, click the house price link on the left. I think It will be a fixed amount down, rather than a percentage , the same amount of work can be done each month. The 25% would have been the amount one particular month. If you go back three months on these chart there is still a massive drop in volumes. Quote Link to comment Share on other sites More sharing options...
LetsBuild Posted July 31, 2023 Share Posted July 31, 2023 Ha, look up Warrington, that was meant to be being swamped with Hong Kongers - volumes are down 81% for detached, so clearly that is over. Quote Link to comment Share on other sites More sharing options...
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