House Price Market Update for November 2009
Skip to Headline Statistics or Useful Resources
Not surprisingly, figures in the run up to Xmas are showing a typical slowdown, but aren't suggesting YET that we are on our way to a 'double dip' with property prices. No doubt in an effort to avoid stamp duty increases on 1st January, the number of properties sold versus for sale has actually jumped from 31% to 34% back towards August's peak of 36%. The recovery of house prices to 2007 levels though is some way off with prices still down around 20% less than the 2007 peak. Regionally some areas are still struggling to recover at all with Telford and Sleaford only converting around 16% versus the 34% national average and a 40% 'normal market conditions'.
Land Registry data shows the best performing areas continues to be Conwy (+2.1%) in Wales which is now showing a growth versus 2008 and Greater London (=0.2%) almost back in growth. The worst performing areas continue to be Neath Talbot (-16.4%) Kingston upon Hull and Torfean (-14.4%).
January and February will prove key months in understanding what will happen in 2010. But for Kate Faulkner's property price predictions: READ MORE.
Performance and commentary since January 2009:-
Click here to see our latest buying/selling articles
Headline Statistics for November 2009
Headline Statistics | Statistics | +/- | Source | Month |
Average Prices | £159,546 to £226,440 | +1.6% to -3.4% | Rightmove Highest
Land Registry Lowest | October/
November data |
Transactions* | 52,608* | -6% | Land Registry | August 09 |
Time to Sell | 8.4 Weeks | No change from last month | Hometrack | November |
| Number of viewings to sale | 11 | No change from October | Hometrack | November |
Offer to Market Price | 93.2% | A slight increase from previous month | Hometrack | November |
% change in new buyers registering with agents | +0.1% | A decrease from +1.2% last month | Hometrack | November |
| No of houses sold by agents | 8 | Down from 9 last month | NAEA | November |
| % sold to for sale boards | 34% | up from 31% | For Sale Sign Anaylsis | November |
| Number of new mortgages | 57,345 | An 2% increase on last month's figure 56,205 | Bank of England | October |
* Per month
Sold versus For Sale Sign Boards data*| Month 2009 | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov |
Percentage Sold | 16% | 12% | 17% | 19.5% | 21.1% | 28.3% | 29.5% | 30.2% | 36.3% | 27.3% | 31% | 34% |
*Data provided by FSSA, for more information on this data,
Contact usLinks 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 FrankFor 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
