Friday, February 12, 2010
The general trend
Asking Prices Slide to New Low
Correct me if I'm wrong, but does Home take all their listed prices into account when calculating the average price, whereas rightmove only used prices newly listed. If so, this would explain why rightmove are showing rises as they do not take into account the 550k houses that are still listed 12 months later but for 445k.
Posted by btlers-r-2hats @ 10:12 AM (618 views)
2 thoughts on “The general trend”
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Open Minded says:
It’s neither here nor there if they haven’t sold. Only the sold prices will tell you what’s actually happening.
Tinecu says:
OM
Not if little or nothing is selling.
Asking prices tell us a lot about the market.