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Rightmove Vs. Home: Which Is More Accurate

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Recently added statistics show Rightmove reporting a big increase in asking prices in London. And Home reporting a small decline. Does anyone know the explanation for the difference, & which is more accurate?

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Rightmove measures the initial price of houses, i.e the price that they come onto the market at. They also try to exclude atypical (very expensive and very cheap) properties, but do this my using standard deviation - so those atypical properties do have an effect on the index.

Home measure all houses at a specific date every month (a snapshot if you will), and exclude all properties over £1m and under £20k. Home also includes other websites so has a larger base.

Edit: Also, you will find properties coming onto the market which are already sold with Rightmove. Further distorting the figures.

Basically, Rightmove shows what vendors want for their house. Home shows what they have to reduce it to to get interest!

Edited by Jason

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Recently added statistics show Rightmove reporting a big increase in asking prices in London. And Home reporting a small decline. Does anyone know the explanation for the difference, & which is more accurate?

In a nutshell, rightmove just reports the original asking prices, but home co uk factors in price movements (ie lowering of prices), but there are plenty more differences, including the sample size (Home's is bigger).

Here is an article about it:

http://www.moneyweek.com/file/14228/will-a...rty-market.html

Hope that helps

tc

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Rightmove uses original asking prices.

Home uses final asking prices.

rightmove : So when that turd of a babyboomer decides to sell his/her portfolio they think i know £400k for 3bed ex L/A semi. home : when in reality they finally reduce to £250k (after 18 months and 6 EA's)

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Rightmove uses original asking prices.

Home uses final asking prices.

rightmove : So when that turd of a babyboomer decides to sell his/her portfolio they think i know £400k for 3bed ex L/A semi. home : when in reality they finally reduce to £250k (after 18 months and 6 EA's)

Exactly right- well put.

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Thanks for those replies.

The figures on the homepage here for London, June 06, are Rightmove up 2.1%, Home down 0.6%. It seems to follow from the above replies that sellers think the market is (or may be) rising, and buyers think it is falling. In other words the people in the market - the market sentiment in London - is confused & vacillating between slighlty bullish & slightly bearish.

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Thanks for those replies.

The figures on the homepage here for London, June 06, are Rightmove up 2.1%, Home down 0.6%. It seems to follow from the above replies that sellers think the market is (or may be) rising, and buyers think it is falling. In other words the people in the market - the market sentiment in London - is confused & vacillating between slighlty bullish & slightly bearish.

The figures could also signify that a lot of properties over £1m have been put up for sale in London as larger investors wish to exit a crumbling market.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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