Thursday, September 2, 2010

Useful summary of the main market numbers for last month

How was July for you?

Another useful summary of the numbers of homes coming onto the market, selling and comparisons with past years. Interesting stuff.

Posted by charles lister @ 02:42 PM (1166 views)
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One thought on “Useful summary of the main market numbers for last month

  • Having been putting REALISITC offers in over the summer, you can talk stats all day, but the EAs just put up a brick wall
    and the [baby boomer] vendors refuse to budge significantly from their brain-washed expectations of what they think their pile of bricks is worth. The best I’ve managed so far is 5% below AP, and that was a right struggle. Pulled out in the end, as the surveyor valued
    it lower than my accepted offer & said it needed 10k spending on it to sort the roof & 20 year old electrics.

    Something really bad has to happen to the market this Autumn to change these unrealistic views and get capitulation rolling.

    It still amazes me that EAs would rather go out of business than tell their “clients” they need to drop their price. Quite difficult to do
    though when you’ve purposefully over-priced it in the first place to get their business !!!

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