Rightmove listings: a big increase, more than usual for January?!

MatteH

I've noticed a huge surge in supply over the last week, certainly more noticeable than last January Anecdotally .

Where can you find YoY figures (for the amount of properties on the market), Jan'09 -jan'10?

treliac

MatteH wrote: »

I've noticed a huge surge in supply over the last week, certainly more noticeable than last January Anecdotally .

Where can you find YoY figures, Jan'09 -jan'10?

Probably hoping to sell now, before prices drop any further.

HAMISH_MCTAVISH

MatteH wrote: »

I've noticed a huge surge in supply over the last week, certainly more noticeable than last January Anecdotally .

Where can you find YoY figures, Jan'09 -jan'10?

There's a big surge in listings every year in January.

People avoid listing houses over Xmas, and want to get it on the market in time for the spring bounce.

MatteH

HAMISH_MCTAVISH wrote: »

There's a big surge in listings every year in January.

People avoid listing houses over Xmas, and want to get it on the market in time for the spring bounce.

Well, yeah they do but it'd be nice to compare it year-on-year with 09 & 08. And to see the % increase of the total properties on the market from dec-jan in a 'normal' year, then see what % increase there was this year.

boomerangs

MatteH wrote: »

I've noticed a huge surge in supply over the last week, certainly more noticeable than last January Anecdotally .

Where can you find YoY figures, Jan'09 -jan'10?

All the shrewdies know the housing market is just about to crash again and are trying to bale out while they still can.

MatteH

boomerangs wrote: »

All the shrewdies know the housing market is just about to crash again and are trying to bale out while they still can.

Hmmmm, i'd like to know what % increase there is & if it's more than usual.
Certainly seems that way in Oxfordshire, lots of property is now on the market rather suddenly.

Repo's?

chucky

MatteH wrote: »

I've noticed a huge surge in supply over the last week, certainly more noticeable than last January Anecdotally .

well done :T

MatteH

chucky wrote: »

well done :T

Worried by any chance that this might be the start of a double dip?. Not saying that it is, but some analysis would be nice. I'm trying to find stat's on the RM site, but I'm not being that successful right now :rolleyes:

I was hoping someone else could find the relevant info

chucky

MatteH wrote: »

Worried by any chance that this might be the start of a double dip?.

i couldn't give a to$$

MatteH wrote: »

Not saying that it is, but some analysis would be nice. I'm trying to find stat's on the RM site, but I'm not being that successful right now :rolleyes:

I was hoping someone else could find the relevant info

i would have thought that Jan would have seen more property on Rightmove - we'll see what your increased volume means i nthe next few months.

no real increase in volume of property with me

Cleaver

boomerangs wrote: »

All the shrewdies know the housing market is just about to crash again and are trying to bale out while they still can.

Let's take all the people who own houses in the UK. Who is in a position where they either want or need to 'bale out'? Most people just own a home that they live in, with families and jobs close by and all of those other things in life, and won't be thinking about somehow being "shrewd" and selling their house to speculate on making or not losing money.

I fully appreciate that a lot of people (including myself, I think) are of the opinion that house prices will fall again, but these people won't sell their house because of this opinion. I guess some people might put their house on the market now rather than maybe late 2010 or 2011, but the number of people in this position will be pretty small in the grand scheme of things.

I sometimes think we all forget that 99.5% of the population just tend to live in their house and sell / buy places when job, family or lifestyle dictates. It's only on here that a small bunch of morons (myself again included) debate house prices to the nth degree and bicker over every little detail that effects this and that. We would be best to remember this, as it's a pretty important factor.

HAMISH_MCTAVISH

MatteH wrote: »

Well, yeah they do but it'd be nice to compare it year-on-year with 09 & 08. And to see the % increase of the total properties on the market from dec-jan in a 'normal' year, then see what % increase there was this year.

It would be interesting to see a few years worth of data, I don't know if it exists though.

2008/2009 was not normal, the market was frozen as mortgage lending had virtually dried up, so few people listed properties. 2010 will not be as big as 2007 in all probablility, but it'll be interesting to see if stock levels start returning towards a more "normal" million listings, rather than the 650K today.