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50% more houses for sale since 2007 but 200% rise in selling time
geoffky
Posts: 6,835 Forumite
As the title says looking at
http://www.home.co.uk/guides/time_on_market_report.htm?postal_area=ch&startmonth=01&startyear=2007&endmonth=02&endyear=2011
we have 50% more house on sale compared to 2007 but we also have a 200% increase in the time it takes to sell a house since then,the market looks a sick little pup..
http://www.home.co.uk/guides/time_on_market_report.htm?postal_area=ch&startmonth=01&startyear=2007&endmonth=02&endyear=2011
we have 50% more house on sale compared to 2007 but we also have a 200% increase in the time it takes to sell a house since then,the market looks a sick little pup..
It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.
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Comments
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The figures are entirely dependent on area though, figures for my area are vastly different to yours.0
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The figures are entirely dependent on area though, figures for my area are vastly different to yours.
yes of course but i was shocked that there are 50% more houses for sale but no takers.. as i had in my mind that there was less for sale signs but the evidence tells me not.It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
Welsh Nic is right. In my area, houses for sale are only up 10%. Plus, if houses are staying up for sale for longer, you'd expect there to be more properties up at any one time, even if the number on the market in each year was the same.
So your second stat causes the first.0 -
yes of course but i was shocked that there are 50% more houses for sale but no takers.. as i had in my mind that there was less for sale signs but the evidence tells me not.
Mine are
Detached 78 82 +5%
Semi 74 67 -9%
Terraced 44 40 -9%
I think a lot of people choose not to have For Sale signs these days - I won't be having one.0
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