Monday, March 21, 2011
Rightmove: +0.8%MoM, +0.9%YoY
U.K. Home Sellers Raised Asking Prices in March
New sellers increased their asking price for the third consecutive month during March as activity in the housing market showed signs of picking up, research has indicated. The average cost of a home put on the market in England and Wales during the four weeks to March 12 rose by 0.8% to £231,790, following a 3.1% increase in February, according to property website Rightmove. Rightmove said the low level of new listings pointed to an absence of both forced sellers and traditional mass market ones.
Posted by little professor @ 01:00 AM (2730 views)
14 thoughts on “Rightmove: +0.8%MoM, +0.9%YoY”
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Crunchy says:
‘Though April showers
May come your way,
They bring the flowers
That bloom in May;
And if it’s raining,
Have no regrets;
Because, it isn’t raining rain, you know,
It’s raining violets.
And when you see clouds……….
mark wadsworth says:
Rightmove has always been one of the least reliable indices.
hpwatcher says:
Expectations of a spring bounce. Silly s0ds.
vindicated says:
In my area, asking prices are definitely back up to (and way beyond) peak asking prices. It’s like a bad dream. I’d like everyone to wake up and smell the coffee thanks.
a saver says:
Yes but interesting the article says that in London, ‘the average asking price fell to 424,307 pounds this month. Values in Bromley, south London, and Ealing, in the west of the capital, dropped 5.1 percent, the report showed. Prices in the exclusive Kensington and Chelsea area fell 5 percent. ‘ That’s more like it!
notyethomeless says:
*sigh*
Hell is other people.
My better half is getting very ‘nesty’ again. Been to see an “affordable” place at the weekend. Mortgage would be half our rent. How do you explain your vision of the future? I feel like bl00dy Cassandra!
Ok, enough with existentialism and Greek mythology: stup1d greedy bvggers are making my family life a misery! Asking prices is all people see, it’s the shop window. I can’t explain that they knock 15% off at the till, and that a sale is coming…
fjcruiser says:
Asking prices do not mean anything. Agents to get the business are always overvaluing anyway then tell the vendor 3 months down the line to lower their expectations! Same old,same old…….
will says:
There is a house listed on Rightmove at the top of the Plymouth search. The property has not sold for over two years now and was listed at £1 million. This week I have noticed it re-listed at £2.5 million. No apparent changes to the property, so I can only assume that the property is purely an investment and the vendor is taking a punt.
sibley's b'stard child says:
NYH, funny you should say that; I often call to mind the story of Cassandra in connexion with this UK housing debacle. Doomed to know the future whilst no-one will bloody believe you.
As to the OP: “Er, mothership, we seem to have a problem; it looks like we’ve decoupled.”
mark says:
if they can’t sell why increase prices, trying to panic people to buy no longer works
taffee says:
I follow property in exmoor closely and there are properties there which have been on the market over 2 years and unsold
rightmove asking price figures are nonsense imo and the website itself has a contribution claim to fame of making all property around the uk roughly the same…ignorong local salaries
for example my idiot neighbour bought 2 flats in sunderland for £220,000 without even seeing them…that was via ‘inside track’
local average salary is around £12,000
Smugdog says:
What a beautiful morning it is.
Spring has sprung and boy, do I feel good!
sibley's b'stard child says:
Taffee, please say that was £220k for the pair and not each? Mind, that would be only slightly less mirth inducing.
mark wadsworth says:
NYH, keep the faith!
Remember that the number of FTBs is down by about 90% compared to the boom years, if only that figure rose to 100% then the “lifeblood of the housing market” (i.e. “the cannon fodder of the housing market”) will be completely cut off.