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House Price Market Update for March 2010

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February and March figures price wise look far more rosey than January's. However, it's not a time to get too excited as the market doesn't appear to be 'doing much' this year at all - apart from London which does appear to be doing well versus 2009 and may even catch up this year to 2007 levels.  

Property stock is slightly improving, so there may be a bit more choice for buyers, but the lack of lending availability is still restricting the number of sales. Hometrack have reported that "over the last six months of 2009 the supply of homes for sale grew by 1% while sales volumes grew by 20%". For more information on what's happening in your area READ MORE.
We aren't estate agents or financial advisors, so we can give you a truly independent view.
READ MORE

The outlook for 2010 will depend on whether buyers have run out of cash, interest rates go up forcing repossession. READ MORE for a summary of Kate's price predictions for 2010.

Performance and commentary since January 2009:-

Jan 10Feb 10          
Jan 09Feb 09Mar 09Apr 09May 09Jun 09Jul 09Aug 09Sep 09Oct 09Nov 09Dec 09

Click here to see our latest buying/selling articles

Headline Statistics for March 2010

Headline Statistics

Statistics

+/-

Source

Month

Average Prices

£164,455 to £229,614

-0.38% to +0.094%

Rightmove Highest
Land Registry Lowest

February/
March data

Transactions*

63,687*

+10.33%

Land Registry

Sep to Dec 09

Time to Sell

8.3 Weeks

Down from 8.4%

Hometrack

March
Number of viewings to sale11No change from last month

Hometrack

March

Offer to Market Price

94%

Up from 93.8%

Hometrack

March

% change in new buyers registering with agents

3.3%

Versus 8.3% last month

Hometrack

March

No of houses sold by agents8Slightly up on last monthNAEAMarch
% sold to for sale boards25.4%Slightly down on last month

For Sale Sign Anaylsis

March

Number of new mortgages47,094A fall on last monthBank of EnglandFebruary

*  Per month

Sold versus For Sale Sign Boards data*


Month 2010

Jan

Feb

Mar

Percentage
Sold

26%

26.4%

25.4%

Month 2009

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Percentage
Sold

16%

12%

17%

19.5%

21.1%

28.3%

29.5%

30.2%

36.3%

27.3%

31%

34%

26.7%


*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

Free Property Articles

  Housing market predictions and property sold prices - should we be getting excited?
 
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