Mystery Collapse in Volumes...

cells

Mistermeaner wrote: »

Localised anomalies? Maybe noone wants to move to (or out of) [Stockport?]

stockport

Jan - Oct 2015 = 4338 sales
Jan - Oct 2014 = 4185 sales

so its more to do with wrong information

Mistermeaner

Stockport is a Shi it hole

Rinoa

westernpromise wrote: »

How many of those mortgage approvals are remortgage approvals?

None.

Remortgages are calculated separately.

iantojones40

cells wrote: »

its simply not true that volumes have crashed

Jan --> Oct 2015 = 776,000
Jan --> Oct 2014 = 765,000

Virtually the same for England&Wales

SK14 - Oct 2014 766 properties on the market
Dec 2014 643
Oct 2015 570
Dec 2015 506

Would you not describe these numbers as a major drop in volumes?

I did say from the start I was referring to my local area, I admit I haven't studied the national figures but I've certainly seen enough headlines claiming that numbers of properties on the market are at record lows.

danothy

iantojones40 wrote: »

Again, I'm not trying to be pedantic (I appreciate you posting the graphic) but regardless of the numbers of completions the fact remains that volumes are well down... it just means that those buyers that are completing have a far narrower selection to choose from!

If the number of sales (completions) is not down, then volume is not down. The same volume of properties are selling. If less properties really are for sale and the number of sales is the same then that implies that the previous excess went unsold. Maybe this is why they suddenly decided not to market them?

iantojones40

Mistermeaner wrote: »

Stockport is a Shi it hole

Yes, yes it is.... so why does nobody want to sell their house and get away from there!:rotfl:

danothy

iantojones40 wrote: »

SK14 - Oct 2014 766 properties on the market
Dec 2014 643
Oct 2015 570
Dec 2015 506

Would you not describe these numbers as a major drop in volumes?

Not really, considering that SK13 and SE14 average about 100 sales a month combined consistently.

Thrugelmir

cells wrote: »

its simply not true that volumes have crashed

Jan --> Oct 2015 = 776,000
Jan --> Oct 2014 = 765,000

Virtually the same for England&Wales

How may new properties were built in 2015.

In 2014

In 2013

In 2012

In 2011

iantojones40

danothy wrote: »

If the number of sales (completions) is not down, then volume is not down.

I'm struggling to understand what you mean by this, are you saying that the percentage of sales/completions always remains the same regardless of the numbers of properties on the market?

HAMISH_MCTAVISH

iantojones40 wrote: »

I'm struggling to understand what you mean by this, are you saying that the percentage of sales/completions always remains the same regardless of the numbers of properties on the market?

When people talk about "volumes" being down, they mean the number of transactions....

So actual completed sales.

It is demonstrably the case that the number of transactions is gently rising and has been in an uptrend since 2009 .

You appear to be talking about available stock being listed for sale.

And yes, that is down markedly.