Lies, damn lies and statistics!

Collected today from various property websites, these figures might amuse, educate or confuse.

The average time on market, according to,  is currently 207 days.

On average, it takes 10 – 13 viewings to generate 1 offer.

Many agents work on a fall through rate (agreed sales not proceeding to completion) of 25 – 30%.

Both the Nationwide and Halifax agree the average price of a home in the UK is currently around £164,000.

The four most recent house price surveys (Halifax, Nationwide, Hometrack and LSE Acadametrics) all disagree on price behaviour in October. Their range of figures suggest between a 0.9% drop and a 1.8% increase. The annual figures are no less disparate, with a range of +1.2% to +6.1% suggested.

Rightmove’s November asking price survey showed sellers reducing by an average of 3.2%, giving a total annual gain of only 1.3%.

The National Association of Estate Agents November report suggests, on average, estate agents had 23 more buyers on their books per office compared to October.

The recent Home Moving Trends survey showed that less than a quarter of home movers see agents mailing  lists as being an effective way to find a home (thanks to @housingdabble for this factoid). Rightmove, Digital Property Group and Zoopla/Propertyfinder remain the three key players in the portal market.

Council of Mortgage Lender figures in October show a 6% drop in lending for home purchases compared to September. However, the average first time buyer borrowed 80% of the value of the home in October, compared to 76% in September.

According to LSL/Academetrics, the total number of transactions fell by 4.6% during November, the second consecutive month this year in which transactions have been lower than last year.

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