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House sales stagnate as buyers sit on their hands

30 April 2010
Written by rosalind renshaw

House sales have stagnated this month, says sign erectors Agency Express.

Nationally, the number of boards converting from For Sale to Sold in April was 0.7% down on March, although up 9.6% on April a year ago.

This week, Nationwide reported that house prices rose by 1% in April, up 1% from March, and up 10.5% over the year.

Make of it what you will … it seems to suggest a rise in prices whilst transaction levels once again head south. And if only Nationwide didn’t do their usual ‘seasonal adjustment’ bit, perhaps we’d all be a lot wiser.

Still, maybe the RICS will come to our rescue with their usual “fewer rather than more surveyors have reported that more rather than fewer buyers”, etc.

Thank goodness for the bank holiday weekend. We’re off for a very long lie down, wondering about the very real possibility of an imminent future without HIPs. More on that subject next week, as we will be canvassing your opinions.

Comments

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    House prices in areas other than London or the South East have not increased during the last year, and in the North have probably gone down. Is there a consensus?

    • 30 April 2010 15:51 PM
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    Well - that's it then; the Great Housing Depression awakes from its' snooze! Thank goodness that the sign erectors have the gumption to tell us all.
    I'm not even going to start debating this farcical 'indicator'...

    • 30 April 2010 15:18 PM
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