Only 258 house-hunters registered with estate agents during February...

carolt

Doesn't sound much, does it?

I now understand why 1 swallow appears to make a summer, if these are the magnitude of figures they're discussing nationally. :eek:

http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/7453668/House-buyers-at-lowest-level-for-a-year.html

"Only 258 house-hunters registered with estate agents during February, the lowest level for a year."

Graham_Devon

Theres already an argument about this.

However, this article words it different, suggesting that only 258 people (or house hunters) registered....across the UK.

This can't be right?

It says "only 258 hour hunters registered with agents". However, when talking about the properties, it specifically states per agent.

HAMISH_MCTAVISH

I so miss the rolleyes smiley.......

HAMISH_MCTAVISH

Graham_Devon wrote: »

It says "only 258 hour hunters registered with agents". However, when talking about the properties, it specifically states per agent.

Carols having a reading comprehension problem again.....

Graham_Devon

HAMISH_MCTAVISH wrote: »

Carols having a reading comprehension problem again.....

I think you may be. Carol has only posted the link. I have asked a question, in which you haven't answered, but have had a pop at Carol based on my question, and even the pop isn't correct.

Mr.Brown_4

It must be per agent surely? If you take an area with say 8 estate agents then I would guess most of the 250 register with all of them (if they are serious about looking for a property). I would, then you get more unsuitable details every day, but you might get lucky. Each agent has 50 or so properties so that's 8 x 50 = 400, with 250 'new' buyers. Wonder how many remain registered...zzz.. whoops.. I've fallen asleep.

carolt

HAMISH_MCTAVISH wrote: »

Carols having a reading comprehension problem again.....

Do explain - you don't appear able to click on the link, let alone comment meaningfully on the contents.

I only quoted the Telegraph, verbatim.

If you disagree, it's the Telegraph you need to contact to comment on its reading comprehension - and I'd like to be a fly on the wall during that conversation :rotfl: - not me.

googler

The Telegraph article says it's taken the figures from the NAEA, so go here

http://www.naea.co.uk/news/news_details.aspx?id=528

for a slight grammatical modification to what The Telegraph said;

"Only 258 house hunters registered with an agent compared to 291 in January, the lowest number recorded over the last 12-months. "


It's an average per agent, like the rest of the figures in the article.

Mr.Brown_4

googler wrote: »

"Only 258 house hunters registered with an agent compared to 291 in January, the lowest number recorded over the last 12-months. "

I thought I had seen every stat possible to do with the housing market but then another one pops up. Can't wait for the agent nose picking (while waiting for a punter) stats to be released.

Graham_Devon

Mr.Brown wrote: »

I thought I had seen every stat possible to do with the housing market but then another one pops up. Can't wait for the agent nose picking (while waiting for a punter) stats to be released.

LOL was just thinking this myself (not the nose picking, the stat!).

It's one of those stats where it doesn't really mean much! A house usually goes up with one estate agent. However, buyers can register with as many as they like. Either 1, or all of he agents in the town, or indeed, if looking in 2 or 3 towns, all of the agents in 2 or 3 towns, meaning one house hunter could be registered just once, or multiple times, sometimes 10's of times I'd guess with varying agents.

So it tells us, well, not much at all.

Plus, I haven't got a clue what the becnhmark is. Not sure in all honesty whether any of us do. Obviously Hamish will know.

Must admit to looking in the estate agents window myself more though. Might even go register myself. It's not the houses that are catching my eye either.

googler

Mr.Brown wrote: »

I thought I had seen every stat possible to do with the housing market but then another one pops up. Can't wait for the agent nose picking (while waiting for a punter) stats to be released.

Well, assuming 6-day per week office opening, hence 24 working days in the month, that's an average of (258/24) between 10 and 11 folks walking into the average high street agent every day, and saying "I'm interested in X, Y and Z. Please let me know when any come up for sale".

More than one per hour, for an average working day, and this is perceived as 'low' .....