Just 7 houses sold in the whole of chester in may

StevieJ

carefullycautious wrote: »

So how can they say house prices are rising then?

Because the ones that are being sold are increasing in price.

tclci

in my town, prices are rising, but sales have dropped considerably

prices are now back to the same as a year ago, but sales have dropped from 300+ to about 50

I know of two houses that have sold over asking price, so there must be a real lack of properties on the market, as otherwise i can see no reason for buyers to be getting back into gazumping

I agree, once more housing stock becomes available, i can see a slight dip in house prices again

tclci

Graham_Devon

StevieJ wrote: »

Because the ones that are being sold are increasing in price.

Or more than likely, the ones that are selling are above the current average price.

chucky

nothing to see that will interest the HPC ghetto in my area - move along please

StevieJ

Graham_Devon wrote: »

Or more than likely, the ones that are selling are above the current average price.

What does that mean

Graham_Devon

chucky wrote: »

nothing to see that will interest the HPC ghetto in my area - move along please

So, you are suggesting your local area is Notting Hill?

:rotfl::rotfl::rotfl:

chucky

Graham_Devon wrote: »

So, you are suggesting your local area is Notting Hill?

it shouldn't matter where my local area is to you

didn't what you see on the chart suit your viewpoint so you try to derail the discussion... what a surprise...

what's your point?

michaels

I would be dubious about the data - anyone really think May has been 3 times worse than April - didn't think so - I suspect that not all the data is in yet for May - happy to be proved wrong but that would be my take at the moment.

Cannon_Fodder

Think you are right, the England and Wales total shows on HouseLadder as around 14,000...instead of 30,000 for the previous two months. Unlikely.




On the LR website, they have the disclaimer;

"Data for the two most recent months are not used as comparisons due to the lag in the registration of sold properties."

http://www1.landregistry.gov.uk/houseprices/housepriceindex/report/default.asp?step=4&locationType=0&area=E%26W-ALL&reporttype=1&datetype=1&from1=01%2F2009&from2=05%2F2009&image2.x=28&image2.y=9

So, April and May volumes are not yet confirmed. Where the HouseLadder website got partial numbers from, is not clear.


Generally, low volumes can be skewed by a single, or couple, of high values. But equally, an imbalance of cheap repos could do the same in the other direction. The difficulty lies in telling which has happened when. Which is why "one month is noise" is becoming a cliche...

moggylover

Try my area out for size! This is seriously scary:D

http://www.houseladder.co.uk/House_Prices/HouseSoldPrices.aspx?SearchType=S&SortBy=SoldDate&OrderType=DESC&NoPerPage=10&Search=True&Street=&Town=&Postcode=&LastMonths=-1&PBuild=-1&Location=SA38&SCD=0

http://www.houseladder.co.uk/House_Prices/HouseSoldPrices.aspx?SearchType=S&SortBy=SoldDate&OrderType=DESC&NoPerPage=10&Search=True&Street=&Town=&Postcode=&LastMonths=-1&PBuild=-1&Location=SA44&SCD=0

That is a very large area across the two post-codes! Covers Newcastle Emlyn area and Llandysul area.