pod Posted August 23, 2007 Share Posted August 23, 2007 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? Quote Link to comment Share on other sites More sharing options...
King Of Fools Posted August 23, 2007 Share Posted August 23, 2007 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%. Quote Link to comment Share on other sites More sharing options...
Leonard Hatred Posted August 23, 2007 Share Posted August 23, 2007 Winter is a slow time anyway, isn't it? Quote Link to comment Share on other sites More sharing options...
tara747 Posted August 23, 2007 Share Posted August 23, 2007 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). Quote Link to comment Share on other sites More sharing options...
redwing Posted August 23, 2007 Share Posted August 23, 2007 (edited) 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 August 23, 2007 by redwing Quote Link to comment Share on other sites More sharing options...
pod Posted August 24, 2007 Author Share Posted August 24, 2007 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). Quote Link to comment Share on other sites More sharing options...
bobthe~ Posted August 24, 2007 Share Posted August 24, 2007 Winter is a slow time anyway, isn't it? Maybe, but an EA told me that Summer was a quiet time... Quote Link to comment Share on other sites More sharing options...
talksalot81 Posted August 24, 2007 Share Posted August 24, 2007 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'. Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted August 24, 2007 Share Posted August 24, 2007 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. Quote Link to comment Share on other sites More sharing options...
Agentimmo Posted August 24, 2007 Share Posted August 24, 2007 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). Quote Link to comment Share on other sites More sharing options...
redwing Posted August 24, 2007 Share Posted August 24, 2007 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. Quote Link to comment Share on other sites More sharing options...
King Of Fools Posted August 24, 2007 Share Posted August 24, 2007 Oh, and of course my own little pet thread: http://www.housepricecrash.co.uk/forum/ind...showtopic=40813 Houses in CB1 on Rightmove: January: 125 August: 242 i.e. an increase of 93.6%! Quote Link to comment Share on other sites More sharing options...
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