House Sales Track Report Comparison Between 2019 VS. 2020

Brett Alegre-Wood
November 10, 2020

Can the statistics get better or are we going to see the worst

All the stats are looking really good and really positive. We'll start to see what happens in the last quarter.

Zoopla released their house home track report and basically if you have a look at this new sales agreed versus the same month in 2019. Obviously that was the lock down you know so that's considerably down but October is the surprise one there actually July, August. August is probably a you know a bit of a surprise too that it was 62% up on last year.

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It's a very different market in Scotland, it's a smaller market. There's some fundamental changes namely oil and gas with all the issues there and that I know Aberdeen and a few of those places house prices have dropped considerably. So, it depends on how that's reacted.

If you remember the last things of last year was all Brexit coming up. The big Brexit vote so everything stopped for that October, November, December and then December 10th I think was the election it was a clear win and then things started to free up. But of course then everything was shut down for Christmas and we moved on.

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Three key takeaways 3% year on year so this is home tracker Zoopla. They're saying three percent there's some people saying seven percent somewhere in the middle probably about right. 50% size of sales price on the pipe so that's a 50 growth 18 increase in sales inventory compared to last year. All those stats are looking really good you know and really positive.

You might just be saying hold on a sec isn't that just kicking the can down the road? I keep saying this, it could well be, but I don't think it is and that's a couple of you know as we sort of develop over the next few weeks I think we'll start to see what happens in the last quarter.  If things are going to drop off how far they're going to drop off how many unemployed people are unemployed how many people put on the new furlough scheme there's lots and lots of stuff that's coming out that I think will determine how we perform you know after this.

Video Transcription

Zoopla released their house home track report and basically if you have a look at this new sales agreed versus the same month in 2019. Obviously that was the lock down you know so that's considerably down but October is the surprise one there actually July, August. August is probably a you know a bit of a surprise too that it was 62% up on last year. If you remember the last things of last year was all Brexit coming up. The big Brexit vote so everything stopped for that October, November, December and then December 10th I think was the election it was a clear win and then things started to free up. But of course then everything was shut down for Christmas and we moved on. Three key takeaways 3% year on year so this is home tracker Zoopla. They're saying three percent there's some people saying seven percent somewhere in the middle probably about right. 50% size of sales price on the pipe so that's a 50 growth 18 increase in sales inventory compared to last year. All those stats are looking really good you know and really positive. You might just be saying hold on a sec isn't that just kicking the can down the road? I keep saying this, it could well be, but I don't think it is and that's a couple of you know as we sort of develop over the next few weeks I think we'll start to see what happens in the last quarter.  If things are going to drop off how far they're going to drop off how many unemployed people are unemployed how many people put on the new furlough scheme there's lots and lots of stuff that's coming out that I think will determine how we perform you know after this.


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