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How Has The Quantity Of Housing Stock For Sale Changed Since January?

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Has anyone any stats on the quantity of residential property, plus residential sites, for sale at the beginning of the year in your city/region and what that number is now?

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Not definitive by any means but The Haart Price Reductions Thread has been tracking the total number for sale in the UK through SpicerHaart agents:

January: 20381

August: 24988

i.e. an increase of 22.6%.

Amateurs.

NI - Jan 2007 - c. 4,000

NI - Aug 2007 - c. 16,400

400% increase! NI market is stalled (to put it politely).

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Cambridge Rightmove Inventory. I keep a weekly log.

January 2007 202 for sale

August 2007 (today) 585 for sale

There was a rapid increase over spring, especially with HIPs. It's been slow growth over July/August until this week when it leapt up by about 40.

If I could work out how to get a graph out of Appleworks into jpeg format I'd post it.

Edited by redwing

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Cambridge Rightmove Inventory. I keep a weekly log.

January 2007 202 for sale

August 2007 (today) 585 for sale

There was a rapid increase over spring, especially with HIPs. It's been slow growth over July/August until this week when it leapt up by about 40.

If I could work out how to get a graph out of Appleworks into jpeg format I'd post it.

That's quite a rise in available housing stock.

Was wondering how unusual it was for available housing stock to increase 4-fold as has happened in Northern Ireland since January (as Tara pointed out above).

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Maybe, but an EA told me that Summer was a quiet time...

This is the answer to every question one asks an EA or property bull when the market is slow. No matter what time of year it is, the reason for a slow market will be because it is a 'quiet time'.

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Only this time they are wrong.August is traditionally the slowest month of the year and January a hot month with properties coming on after the Xmas break.A rise from January to August is extraordinary and shows what a state the market is in.No wonder Nationwide are cacking themselves.

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Friend has had a good property for sale since early January. Has had 5 enquiries and 2 viewings. Not one firm offer.

When he bought it 3 yrs ago, there was a queue of buyers. He is quite shocked that the response has been so poor at the moment. Now he's looking to take a hit and make a loss ! (yes, a loss....he spent some money on adding new kitchen, landscape garden, etc when he bought it. He won't recover this, according to him).

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That's quite a rise in available housing stock.

As well as logging total inventory, I keep a tab on how many have been 'added in the last 7 days'. This number was greatest during the Spring rush, but has quietened down recently - yet the total inventory isn't falling.

That means that property is coming on to the market faster than it is getting sold. I'm really looking forward to the next few weeks as all the people who are hoping to move by Christmas start putting their houses up for sale.

I'll keep y'all informed.

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