Mystery Collapse in Volumes...

HAMISH_MCTAVISH

Transactions - completed sales- rising:


Available stock - falling:


Prices - (unsurprisingly) rising:

danothy

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?

No, I'm saying the number of properties sold each month has stayed the same in those post codes since 2014. The volume of sales is the same.

iantojones40

Thanks for that Hamish, yes when I said 'volumes' I was referring to numbers of stock being listed and not actual sales volumes.

danothy

iantojones40 wrote: »

when I said 'volumes' I was referring to numbers of stock being listed and not actual sales volumes.

You're question was about why people suddenly thought they couldn't sell their houses. Figures show that they are still doing so in the same numbers they have been for two years. Your own numbers on available properties each month are far greater than the actual number of sales, too.

jacko74

danothy wrote: »

You're question was about why people suddenly thought they couldn't sell their houses. Figures show that they are still doing so in the same numbers they have been for two years. Your own numbers on available properties each month are far greater than the actual number of sales, too.

Well of course his numbers for properties available would be greater than the actual number of sales! You really seem to be struggling to understand the difference between the 2 sets of figures.

if sales volumes have stayed steady and price rises have only been modest then the drop in numbers of marketed properties will probably be down to a large number of kite flyers and deluded vendors, who gave up trying to achieve their fantasy asking prices, spat their dummies out and withdrew from the market

danothy

jacko74 wrote: »

Well of course his numbers for properties available would be greater than the actual number of sales! You really seem to be struggling to understand the difference between the 2 sets of figures.

It's not me that is conflating the number of properties for sale with the sale volume.

jacko74 wrote: »

if sales volumes have stayed steady and price rises have only been modest then the drop in numbers of marketed properties will probably be down to a large number of kite flyers and deluded vendors, who gave up trying to achieve their fantasy asking prices, spat their dummies out and withdrew from the market

If you care to read the thread through, you may well find that I have more or less suggested that the drop in number of properties for sale may well be the removal of (some) of those properties that were unsold anyway.