House Price Market Commentary for September 2009
Skip to Headline Statistics or Useful Resources
Market stats show property has had a little 'wobble' over the summer, with the percentage of properties sold versus for sale down from a high of 36% to a low of 27%, the lowest conversion since April 09.
Sellers and buyers are starting to stay at home again, with a real shortage of properties coming onto the market in some areas, however the number of buyers looking also fell according to Hometrack and NAEA.
Market stats show the best performing areas are in Wales with Ceredigion (-4.6%) Conwy (-6.1%) and Vale of Glamorgan (-6.2%) and London also showing a 6.2% fall. The worst performing areas Hartlepool (-23.7%) and Luton continuing to fall (-18.5%).
And it's not just securing lending that is causing problems for market recovery, according to the NAEA, people are starting to believe home ownership will always be beyond them. READ MORE.
Performance and commentary since January 2009:-
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Headline Statistics for September 2009
Headline Statistics | Statistics | +/- | Source | Month |
Average Prices | £155,968 to £223,996 | -1.5% to -9.4% | Rightmove Highest Land Registry Lowest | August/September data |
Transactions* | 41,911* | -31% | Land Registry | March to June 09 |
Time to Sell | 9 Weeks | Increase | Hometrack | September |
Number of viewings to sale | 11 | No change from last month | Hometrack | September |
Offer to Market Price | 92.4% | Slight increase from last month | Hometrack | September |
% change in new buyers registering with agents | +1.1% | Down versus 1.4% last month | Hometrack | September |
No of houses sold by agents | 8 | Down from 9 last month, up from 5 in August 08 | NAEA | August |
% sold to for sale boards | 27.3% | down from 36.3% | For Sale Sign Anaylsis | September |
Number of new mortgages | 52,317 | Up on July's 50,123 | Bank of England | August |
* Per month
Sold versus For Sale Sign Boards data*Month | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
Percentage Sold | 16% | 12% | 17% | 19.5% | 21.1% | 28.3% | 29.5% | 30.2% | 36.3% | 27.3% |
*Data provided by FSSA, for more information on this data,
Contact usLinks 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 FrankFor more market commentary on a national or local level:-
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