House Price Market Update October 2009

House Price Market Commentary for October 2009
Skip to Headline Statistics or Useful Resources

Property Statistics show the buying and selling market continues to operate at "OK levels" albeit that the number of properties changing hands is still down year on year by 24%. As we move to Xmas, the number of buyers looking for property are slowing in many areas, although high demand areas seem to be continuing to sell well and at near asking prices. This is reflected in the percentage of properties sold versus for sale which show we are converting at around 31% versus August's peak of 36%. However the picture remains regional with areas such as Hartlepool and Chorley achieving less than 10% conversion while Ivybridge and Thatcham/Newbury at around 50%.

Land Registry data shows the best performing areas are in Wales with Conwy (-1.6%) and York (-4.9%) and London also showing a 3.2%  fall. The worst performing areas Neath Talbot (-18.7%) Hartlepool (-18.5%) and Luton continuing to fall (-17.5%). 

A lack of lending at 5-10% deposit continues to cause a aproblem, although lenders don't appear to be 'down valuing' property as much as they have been at the start of the year. READ MORE.

Performance and commentary since January 2009:-

Jan 09Feb 09Mar 09Apr 09May 09Jun 09Jul 09Aug 09Sep 09

Click here to see our latest buying/selling articles

Headline Statistics for October 2009

Headline Statistics





Average Prices

£158,337 to £230,184

+0.2% to -5.6%

Rightmove Highest
Land Registry Lowest

October data




Land Registry

April to July 09

Time to Sell

8.4 Weeks



Number of viewings to sale11No change from last month



Offer to Market Price


Another slight increase from previous month



% change in new buyers registering with agents


Slight increase from 1.1% last month



No of houses sold by agents8Down from 9 last monthNAEAOctober
% sold to for sale boards31% up from 27.3%

For Sale Sign Anaylsis

Number of new mortgages56,215An increase on last month's figure of 52,970Bank of EnglandSeptember

*  Per month

Sold versus For Sale Sign Boards data*


Percentage Sold


*Data provided by FSSA, for more information on this data, Contact us

Links to useful Buying and Selling Reports

Price Indices
There are at least seven property indices and other companies that comment on the property market, please checkout the links below:-

Rightmove    Halifax    Nationwide   RICS 
Communities    Financial Times    Land Registry

Other Useful Resources
Hometrack    NAEA    RICS    Savills    Knight Frank

For more market commentary on a national or local level:-
Contact Kate Faulkner on 07974 750562 or 0845 838 1763. To read more about Kate, please visit ABOUT US, see Kate on video and for media appearances, contact:

Sylvia Tidy-Harris
STH Management                    
Tel  +44 (0) 1530 263221
Mob  +44 (0) 7970 646872
Fax: +44 (0) 1530 264018

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