Monday, March 2, 2009
Hometrack: -0.8%MoM, -10%YoY
The average sale price is now 88% of original asking price, according to the latest survey from Hometrack. This reinforces the message coming from all parts of the property market that househunters are demanding bargains amid forecasts of further price subsidence. However, Hometrack's numbers do present evidence of signs of life in a previously becalmed market, with new buyer registrations rising by 17% and agreed sales up by 36%. A few agents are reporting multiple bids for some properties, with correctly priced homes going under offer relatively quickly.