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Lowest stock levels this century provide a spring window for sellers

  % Change in month% Change Past YearAve house price
Jan HPI0.4%4.1%£222,261
Dec HPI-2.2%1.7%£221,463

Key points

  • 2009 ends with prices 4.1% higher than a year ago
  • Early signs of buoyant start to 2010 as average asking prices rise by 0.4% and search activity sets new record high
  • First week of January sees strong asking price rebound of +1.2% (£2,698) reversing previous weeks’ falls of 0.9%
  • Lowest stock this century creates window of opportunity for sellers
  • Rightmove forecasts 0% price change in 2010, with sellers advised to take advantage of expected price rises before post-election dip

View Index comparison

index-comparison-table

Rightmove: compiled from asking prices of properties as they come on the market via Rightmove's member estate agents over the previous month, covering over 90% the market. Not seasonally adjusted. (Seasonally adjusted figure used for the Halifax from Nov 2003, as no unadjusted figure has been published.)

Halifax: based on mortgage approvals of loans agreed by Halifax Bank of Scotland over the previous month, seasonally adjusted.

Nationwide: based on mortgage approvals of loans agreed by Nationwide Building Society over the previous month, seasonally adjusted.

Rightmove measures asking prices and does not seasonally adjust its figures, while Nationwide and Halifax both report data based on mortgage offers, seasonally adjusted. The index offered by the CLG (Department of Communities and Local Government) measures prices at completion stage, not seasonally adjusted.

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