Thanks to PROPDEX.co.uk, we will be taking a look at the latest risers and fallers in house prices from all over England & Wales.
This report covers home sales (flats + houses) in England and Wales up to October 2018. It is based on the latest data from HM Land Registry released 2nd January. Crucially (and unlike other house price indicators) it includes all completed sales.
The traffic light system we use to reflect changes in house prices works as follows:
GREEN= annual prices rising by 2% or more
YELLOW = prices flat at +/-2% change
RED = prices falling by more than 2% annually
Propdex are mindful that calculating statistics for small geographies (such as postcodes) can create misleading and very volatile numbers if not approached with care. Therefore Propdex uses a rolling 6 month snapshot of sales activity to establish real trends.
Prices are particularly carefully calculated using the geometric mean, which suppresses outliers, and creates a more balanced view of each local market than a simple average.
Note Propdex use the term “average price” in the report to make it more readable, but this refers to the geometric mean sales price. This methodology is designed to provide a holistic view of housing activity at a hyperlocal level.
For more information – Please visit – PROPDEX.co.uk