House Price Market Update April 2009

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Summary Commentary for April 2009
Over the last month we have heard conflicting information. Some indices have reported growth in prices, others declines. We hear that some people are having to compete for properties which are going to 'sealed bids' pushing prices up, when others are saying they cannot sell at all.

The fact is that the property market is not going to recover 'as a whole' in a nice neat month by month increase. Firstly there are some properties in some areas that are now in short supply, so prices are rising. There are other areas where there are still far too many properties versus the number of buyers, so prices are still falling. Ideally, you need to ignore 'national headline stats' and concentrate on your local market to know whether to buy now, rent or build. READ MORE

January 2009February 2009March 2009

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Headline Statistics

Headline Statistics

Statistics

+/-

Source

Month

Average Prices

£151,861 to £222,077

-9% to
-17.7%

Various

April

Transactions*

35,480*

-57%

Land Registry

October to January
Average

Time to Sell

10.4 Weeks

Decrease

Hometrack

April
Number of viewings to sale13N/C

Hometrack

April

Offer to Market Price

89.6%

Increase

Hometrack

April

Number buyers registered**

Awaiting Information

%

NAEA

 

% sold to for sale boards21.1% up from 19.5%

For Sale Sign Anaylsis

April

*  Per month
**Per agent

Sold versus For Sale Sign Boards data*

MonthDecemberJanuaryFebruaryMarchApril

Percentage Sold

16%12%17%19.5% 21.1%

*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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Kate's Consumer Portal

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