Market Research

Updated on Thursday, December 8, 2011 16:12

As predicted last month, the bullish asking prices of agents has not helped the market move, nor encouraged new sellers to offer their properties for sale. Economic uncertainty worries new sellers, sending an early warning to sectors reliant on consumer spending. We have seen the average asking price of property coming to market drop by £7,528 (-3.1%) in a month, which has over compensated for the previous months of inflated asking prices. The level of new listings are down 13% on previous month to a lowest November level since collapse of Lehman Brothers as prospective sellers postpone their marketing. An early start to the seasonal slow down strengthens buyers’ negotiating power. For more information on the current market or any property matters please call 01202 684004.

Poole's Market Changes

  • Average Price       £205,594 in October        £202,335 in September      £203,975 in August      £206,085 in July        
  • Monthly Change            1.3 in October             -0.9% in September           -0.5% in August            0.3% in July                         
  • Annual Change           -0.8  in October             -2.8% in September           -1.5% in August            0.3% in July    

Bournemouth's Market Changes

  • Average Price       £169,659 in October       £170,364 in September       £171,291 in August      £169,517 in July           
  • Monthly Change        -0.9% in October            -0.9% in September             1.4% in August           -0.6% in July  
  • Annual Change         -5.2% in October            -4.3% in September            -3.6% in August           -3.3% in July                   

UK's Market Changes

  • Average Price       £162,109 in October       £162,347 in September       £163,049 in August      £161,479 in July                  
  • Monthly Change        -0.3% in October            -0.3% in September             1.3% in August            0.0% in July               
  • Annual Change         -2.6% in October            -2.6% in September            -2.1% in August           -2.5% in July   

Current Bank Rate 0.5% Next update due: 12 January 2012

Quantitative Easing Asset Purchase Programme £275 bn Next update due: 12 January 2012

Current Inflation 5.0% Next update due: 13 December 2011