Friday, July 15, 2011
Friday Bear Nibbles
There was a marked bounce back in the housing market in June, after a grim May. It was thanks in part to agents suggesting realistic prices to keep turnover ticking over, claims a new report. The latest analysis from Hometrack says the volume of sales agreed rose in June by 10.6 per cent - the highest monthly increase since March (12.6 per cent). Richard Donnell, Hometrack director of research, says: "With greater realism from sellers about achievable pricing levels, agents are keeping prices at a level where transactions can take place... However, sales volumes are only half the story and pricing levels remain under downward pressure.. "