Thursday, January 27, 2011
All indicators are down
Dramatic fall in number of houses going up for sale
The articles statistics reveal that as house prices fell 0.5% in January, the number of sellers coming to market fell by 5.4% and the number of new buyers by 9.5% with sale prices falling to 91.9% of the asking price. The only figure going up is the average time on the market up by 1 month to 3 since Decembers survey.
Posted by enuii @ 08:43 PM (1820 views)
6 thoughts on “All indicators are down”
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drewster says:
Surprised to see the number of sellers falling. Snow-related?
Jonboy2010 says:
not in my area
doomwatch says:
The drop in houses for sale is a direct result of most estate agents advising new vendors to wait till Feb, or others to pull their places
for sale over the winter months rather than “sitting on the market”. I have this direct from the horses mouth. It will be a massive buyers market out there by March, and I for one will be putting in offers starting at 25% below asking prices [on a 48 hour expiry], as a lot of EAs are “valuing” 25% over close to or at the 2007 peak, expecting to be battered down.
Buckle says:
No sign of a slow down in Leeds because the economy is not slowing down and King is under orders to poll tax the poor through inflation. He and the Fed wish to poll tax foreigners also: BRIC, Germany and the rest. Will there be unrest? Impossible to say with the X-Factor generation. The only option left to people is either Simon Cowell or Benedict XVI. Three impoverished Anglican bishops went for the latter because he offers some semblance of resistance to the status quo (the paedophile ‘scandal’ was an orchestrated scam but I digress).
This website might be crap but its contributors remain polite which I find encouraging.
phdinbubbles says:
“the number of sellers coming to market fell by 5.4% and the number of new buyers by 9.5% ”
buyers are striking harder
Cypher007 says:
dont say i didnt say this would happen. while interest rates are low people will either rent the old property out and move on or just stay put.