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IPW 2,531 Drops

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  • 14-01-2009 10:37pm
    #1
    Tom123
    Registered Users Posts: 250 ✭✭


    I wouldn't like to be selling a property in Roscommon or Cavan!
    IPW
    Latest Drops

    Over the period 22th February to the 19th March there 2,531 price drops and the average drop was €25,953 or 6.6%.

    The 2,531 properties reduced the price by €67million in total.

    The number of drops per day was 97.

    Report available in html and excel formats.

    Overall Drops

    11,075 properties have now dropped the price at least once an increase of 891 since the last report. This report is available in excel format.

    Analysis of the overall drops is provided by

    1)County

    2)Number of Drops

    Removals and New Listings

    The stock of unsold properties has increased significantly in the last 4 weeks. Both in terms of the absolute number for sale and the number of months of supply.

    Based on the latest removal statistics it will take over 12 months to clear the existing properties for sale if no new properties were listed. New listings are currently out stripping removals by a factor of 50% this has lead to an overall increase in the number of properties for sale of 2,459 or nearly 100 every day.

    Roscommon and Cavan have the largest overhang with 2 years supply worth of properties currently listed.

    The average time on the market increased slightly again to 156 days from 154 4 weeks ago. 1 in 7 properties for sale have now been on the market for more than 1 year while over 50% of all properties have been on the market for more than 6 months.

    This report is available in html format.
    Failed to load the poll.


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