Housing Market Overview

Housing Market Overview
Prepared 07.01.2013
This document provides the latest information available from various sources,
with dates varying from September - December 2012
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Contents
Market overview
4
Summary of published stats
5
UK annual house prices – rate of change
6
Regional house prices indices
7
Annual house price rates of change by types of buyer
8
UK annual house price rates of change by whether dwelling was new or pre-owned
(12-month percentage change)
9
Number of housing transactions per month
10
Annual change in house prices – comparison
11
Average time on market in England & Wales
12
Asking prices being achieved
13
Sales volumes by price range (England & Wales)
14
Long-term real house-price trend
15
UK house price to earnings ratio
16
Average properties for sale per estate agent
17
National asking price trend by property type
18
Market Overview
Source: Nationwide, Halifax, Hometrack, Home.co.uk, Rightmove Surveys & House Price Indices
According to Nationwide, the price of a typical house decreased in December, leaving prices 1.0% lower than the same
period in 2011.
The proportion of the asking prices being achieved has remained at 93.2% in December, Hometrack figures show.
According to Home.co.uk, supply remains low, with the fewest properties on the market since May 2010.
Rightmove figures show that the average number of properties for sale, per estate agent, has decreased compared to last
month, now standing at 68.
Home.co.uk reports that the typical (median) time on market has increased five days to 129 days since November, which is a
significant nine days less than in December 2011.
According to Hometrack.co.uk, affordability constraints and unwillingness by households to take on debt will continue to act
as a drag on the housing market in 2013.
New sellers have chopped an average of £7,772 (-3.3%) off asking prices this month. While this is the largest monthly
decrease ever reported by Rightmove, it follows an established pattern of December drops over the previous eight years.
4
Summary of published stats
Source: Housepricecrash.co.uk
Source website
Period
covered
Average
house price
Monthly
change
(%)
Annual
change
(%)
Office for National Statistics
House Price Index
Oct 12
£231,000
N/A
1.50
£234,000
(Aug 12)
18/12/2012
LSL Property Services/Acadametrics
Nov 12
£226,918
0.20
3.30
£231,595
(Feb 08)
14/12/2012
Halifax House Price Index
Dec 12
£163,845
1.30
0.30
£199,770
(Aug 07)
07/01/2013
Home.co.uk (England and Wales)
Dec 12
N/A
0.50
2.40
N/A
12/12/2012
Hometrack – House Price Survey
Dec 12
N/A
0.10
N/A
N/A
24/12/2012
Land Registry Monthly Report
Nov 12
£161,490
0.30
0.90
£186,045
(Jan 08)
02/01/2013
Nationwide House Price Index
Dec 12
£162,262
0.10
1.00
£186,044
(Oct 07)
03/01/2013
Rightmove House Price Index
Dec 12
£228,989
3.30
1.40
£246,235
(Jun 12)
17/12/2012
Peak average
Official releases
house price
5
UK annual house prices – rate of change
Source: Office for National Statistics House Price Index
6
Regional house prices indices – 12 month % change
Source: Office for National Statistics House Price Index
7
Annual house price rates of change by types of buyer
Source: Office for National Statistics House Price Index
8
UK annual house price rates of change by whether dwelling was new or pre-owned (12-month %
change)
Source: Office for National Statistics House Price Index
9
Number of housing transactions per month
Source: LSL Property Services House Price Index (Acadametrics)
10
Monthly change in house prices – comparison of indices
Source: LSL Property Services House Price Index (Acadametrics)
11
Average time on market in England & Wales
Source: Home.co.uk
12
Asking prices being achieved (%)
Source: Hometrack House Price Survey
13
Sales volumes by price range (England & Wales)
Source: Land Registry House Price Index
14
Long-term real house-price trend
Source: Nationwide House Price Index
15
UK house price to earnings ratio
Source: Nationwide House Price Index
16
Average properties for sale per estate agent
Source: Rightmove House Price Index
17
National asking price trend by property type
Source: Rightmove House Price Index
18