Housing Market Overview Prepared 10.06.2013

Housing Market Overview
Prepared 10.06.2013
This document provides the latest information available from various sources,
with dates varying from March - May 2013
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Contents
Market overview
4
Summary of published stats
5
UK annual house prices – rate of change
6
Regional all dwellings annual house price – 12-month % change
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 % change)
9
Number of housing transactions per month
10
Monthly change in house prices – comparison of indices
11
Median (typical) Time on Market
12
Time on market and % asking price 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
Sources: Nationwide, Halifax, Hometrack, Home.co.uk, Rightmove Surveys & House Price Indices
According to Nationwide, the price of a typical house changed very slightly between April and May, increased by 0.4%, and
was 1.1% higher than May 2012.
The proportion of asking prices being achieved stands at just under 94%, the highest level since July 2010, Hometrack
figures show.
According to Home.co.uk, the typical (median) time on market now stands at just 102 days (around 3.5 months) although
there are still considerable regional differences.
Rightmove figures show that the average number of properties for sale, per estate agent, has increased compared to last
month, now standing at 69.
Home.co.uk reports that the property market is showing signs of growth that is not exclusively driven by the price of homes in
Greater London. Average asking prices across the UK increased 0.7% in the last month, largely driven by the South East,
South West and Scotland.
.
According to Hometrack figures, the number of sales agreed is outstripping the number of new properties coming to the
market. Nationally, new supply grew by 2.8% in May while sales agreed were up 8.2%.
Rightmove has recorded 3% fewer properties coming to market when comparing the first five months of 2013 to those of
2012.
4
Summary of published stats
Source: Housepricecrash.co.uk
Monthly
change
(%)
Source website
Period
covered
Average
house price
Office for National Statistics
House Price Index
Mar 13
£235,000
N/A
LSL Property Services/Acadametrics
Apr 13
£231,170
0.30
Halifax House Price Index
May 13
£166,898
0.4
Home.co.uk (England and Wales)
May 13
N/A
Hometrack – House Price Survey
May 13
Land Registry Monthly Report
Annual
change
(%)
Peak average
Official releases
house price
£235,000
(Mar 13)
21/05/2013
3.00
£231,595
(Feb 08)
10/05/2013
2.60
£199,770
(Aug 07)
06/06/2013
0.70
3.20
N/A
14/05/2013
N/A
0.40
N/A
N/A
27/05/2013
Apr 13
£161,458
0.40
0.70
£186,045
(Jan 08)
30/05/2013
Nationwide House Price Index
May 13
£167,912
0.40
£186,044
(Oct 07)
30/05/2013
Rightmove House Price Index
May 13
£249,841
2.10
£249,841
(May 13)
20/05/2013
2.70
1.10
2.50
5
UK annual house prices – rate of change
Source: Office for National Statistics House Price Index
6
Regional all dwellings annual house price – 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
Median (typical) Time on Market
Source: Home.co.uk
12
Time on market and % asking price 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