“The proportion of the asking price achieved has moved up to 93.2%. Increases indicate some recovery of prices.
The time on the market remains unchanged at 9.9 weeks with some major regional variations."
Figure 1 Time on the market and % asking price achieved
“The balance between supply and demand leads underlying house price changes by 3 months. The improved balance over the first half of 2011 led an improvement in the underlying rate of growth.”
Figure 2 Supply demand balance leads price changes by 3 months
“Figure 3 shows the proportion of postcodes registering higher and lower prices over time. Prices were down across 31% of postcodes in October 2012 compared to 23.6% in September.”
Figure 3 Proportion of country registering higher and lower prices