House Price Market Update for April 2010

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April's figures back up our forecast that the second half of 2010 will show house price growth curbed. To date, property price reports have been comparing 2010 versus a poor performance in 2009, from April 2009, the property market showed signs of recovery. As a result, it's much tougher for the figures to show a growth versus last year as sales, prices and the number of buyers has clearly slowed down.   

Does this mean we are heading for the dreaded 'double dip'? Kate Faulkner doesn't think so, "I'm afraid property price reports will show a small growth one month and a small fall the next and this yo yo'ing in prices will just end up with property prices being pretty flat 2010 versus 2009".

However, this picture is very regional, so what will happen in YOUR area in 2010? READ MORE

The outlook for 2010 will depend on whether buyers have run out of cash, interest rates go up forcing repossession. READ MORE for a summary of Kate's price predictions for 2010.

Performance and commentary since January 2009:-

Jan 10	Feb 10	Mar 10
Jan 09	Feb 09	Mar 09	Apr 09	May 09	Jun 09	Jul 09	Aug 09	Sep 09	Oct 09	Nov 09	Dec 09

Click here to see our latest buying/selling articles

Headline Statistics for April 2010

Headline Statistics	Statistics	+/-	Source	Month
Average Prices	£164,288 to £235,512	+7.5% to +6.0% YoY	Rightmove Highest Land Registry Lowest	March/April data
Transactions*	58,775*	+62.08% YoY	Land Registry	Oct to Jan 10
Time to Sell	8.3 Weeks	No change from last month	Hometrack	April
Number of viewings to sale	11	No change from last month	Hometrack	April
Offer to Market Price	94%	No change from last month	Hometrack	April
% change in new buyers registering with agents	1.0%	Versus 3.3% last month	Hometrack	April
No of houses sold by agents	8	No change from last month	NAEA	April
% sold to for sale boards	26.5%	Slight increase on last month	For Sale Sign Anaylsis	April
Number of new mortgages	48,901	Up on last month	Bank of England	March

*  Per month

Sold versus For Sale Sign Boards data*

Month 2010	Jan	Feb	Mar	Apr
Percentage Sold	26%	26.4%	25.4%	26.5%

Month 2009	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
Percentage Sold	16%	12%	17%	19.5%	21.1%	28.3%	29.5%	30.2%	36.3%	27.3%	31%	34%	26.7%

*Data provided by FSSA, for more information on this data, Contact us

Links to useful Buying and Selling Reports

Price Indices
There are at least seven property indices and other companies that comment on the property market, please checkout the links below:-

Rightmove    Halifax    Nationwide   RICS 
Communities    Financial Times    Land Registry

Other Useful Resources
Hometrack    NAEA    RICS    Savills    Knight Frank

For more market commentary on a national or local level:-
Contact Kate Faulkner on 07974 750562 or 0845 838 1763. To read more about Kate, please visit ABOUT US, see Kate on video and for media appearances, contact:

Sylvia Tidy-Harris
STH Management                    
Tel  +44 (0) 1530 263221
Mob  +44 (0) 7970 646872
Fax: +44 (0) 1530 264018