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Transaction Time

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Are house market transactions any faster or slower than in the 80s/90s ?

I work in software, specifically exchange systems/trading interfaces of one sort or another. Most of what I do is about very high transaction markets that move second by second (think london stock exchange for example).

I've never bought a house so am very unsure of the real answer to the above question. What interests me is interpreting the magnitude of the drops in some kind of time-scale. If a share price at its most extreme can collapse within minutes, what is the equivalent timescale for the housing market?

I am reading that we're seeing the fastest drops on record, but do the speed of transactions play a part in this or not? (I think not)

Certainly the flow of information has increased with communication technology, and I would be tempted to associate the internet with more rapid change, but thats obvioulsy more difficult, if not impossible to quantify.

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  • 399 Brexit, House prices and Summer 2020

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