OK folks we know that sales are down big time compared with last year. We know that listings are also down and so list/sales are robust.
MOI is still around 6 months +/- though and higher in some areas (see Larry's site).
The average pice and median in these circumstances mean very little. If wealthier buyers are still in the market or the homes sold are the cream of the crop, then both these numbers will be up.
What we will have to look for is the HPI to see which way we are trending.
Three bottom spotting techniques for traders - *Mid-week market update*: Regular readers will know that I have been tactically cautious on the market for several weeks, but can the blogosphere please st...
9 hours ago