Yesterday, the number of unsold properties for sale in my town (North Yorks/West Yorks border) was 98. Today, it has jumped to 111!!!! About 6 months ago, this figure was typically in the 70's. Substantial reductions right across the board are also evident, with some unsold houses on the market for less than they have preciously sold for (according to land reg). Anybody seeing similar rightmove explosions elsewhere?

This is real 100%, no added extras, crash material!!

I live near rotherham, South Yorkshire, over past 12 monthe properties for sale have increased from an average of about 70 to 140. Prices apear to be stagnent or falling, seen one resently that as just sold for 10k less than 2 years ago.

Today Rightmove shows over 100 new properties in Harrogate listed in the last 24Hrs!

I've seen this in my village in West Yorks. We've had fifteen added in the last two weeks (and we are small and rural).

FTB properties have reduced 10K to 20K over the last two months; family homes have reduced £40K to £60K.

We never had more than say 20 properties going for under £160K; all of a sudden, there's over a hundred.

People are panicking, thinking this might be their last opportunity to get over £100K for a property that's probably worth about £60K to 70K.

You're all wrong - apparently there is a shortage of supply - I heard it on the BBC.

Checked my local estate agents regarding new postings. Surprisingly one agent had 80 (out of circ 250) listed as new postings (according to the search engine listed within the last 7 days. However when I looked at the detail. A number were under offer, sold subject to contract or price adjusted. Maybe this is was is causing the increase in the number of new instructions. Total instructions seems about the same, although a number of properties I have been watching have been under offer for an eternity.

121 properties now!!! I am actually quite taken aback by how quick this appears to be unfolding! This time last year there were around 70 properties for sale. There are a couple of large developments of flats going up which should make things even more interesting now the bottom has dropped out of that market!

Circa 10% additional properties on the market in 7 days, does sound bad. Do you have a gut feel on whether many of these properties have been on the market for a while or is this just a rush to sell before the market really starts to turn.

Weirdly, from what I can see, a lot of the recent additions have been high end (200K+) properties. Personally, I would have expected them to be primarily <150K BTL type places.

I know one thing though. This is very significant. Something big is going down.

Have been moving house - from unfurnished small flat to unfurnished bigger 3 bed terrace, all in LS4, actually a move of less than 1 kilometre.

In amongst this small area of student-ville leeds terraced houses, noticed 3 ( three ) apparently rented HMOs with 'please remove chattels' etc repo-messages in windows - I didn't look for them, just noticed as I was walking past in 2 adjacent streets. I sense there is serious pressure on BTLrs here.

...and with it, goes the myth that a lot of BTLers are 'in it for the long term'. The very idea that they will work themselves to the bone just to stop their BTL being repo'd is undermined by faulty logic. Why would they?

That, my good friend, is anither reason why house prices will crash :-) It is more an investment class now than ever before.

seen 3 more in last 2 days on other nearby streets

Of course, the BTL'ers are in it for the long term..........whereas the baby-boomers who typically own the high end houses and have been banking on their value to augment their retirement income are beginning to see what's coming. I speak from personal experience having read the tea leaves last year.

Rightmove have obviously screwed their database. Many properties which have been on their site for several weeks are now appearing as posted within the last 7 days. Either the SQL used to generate the query has been incorrrectly re-written or the data for date of posting has been modified - probably inadvertently.

In the interests of balanced reporting, I have some mixed news morsels:

1. The house on my road that has been on the market for ages and reduced several times has finally gone Sold STC when the asking price was £109K (bought around a year before for £114K). I will try to find out the sale, but having been on for a while, I reckon they'll have taken at least a 3 grand hit on the asking price. I make that a fall of around 7% before factoring in 4% inflation (i.e. 11% in real terms!!!).
2. My sister has just bought a place up in Edinburgh, timing the likely top of the market to perfection. Interestingly, she was told she could borrow up to about 8x single or 5x joint salary but has thankfully gone for 3x joint. Still high but she's earning a fair bit at the moment and in a fairly recession proof job (academia). Property does look reasonable value to be fair but she'll still be flirting with negative equity!

3. The for-sale-but-not-sold-total on rightmove has continued upwards once again to 125 properties (from 121)

Looking like it's gonna be an interesting winter for sure! Now all we need is some decent snow...

Ooops. The total has just risen to 132 (This time last year, this total was in the 80's). Maybe there isn;t a shortage of supply after all? I have long said that 140 is surely the breakpoint. At this rate, we should get there in the next month or so. I reckon xmas will be a time when many consider their investments. even the most coldhearted landlord would surely not turn tenants out just before christmas. A lot is resting on the 'spring bounce' IMHO.

a casual look at flats on fish4, manningstainton etc suggested that asking prices are very high over christmas, presumably in expectation of the spring bounce

manningtonstainton opened a brnch near me in the last few months and their prices are usually at least 10% over everyone elses - they say it's because they offer a more personal service and threfore can achieve the higher price - i say it's because they are trying to drum up business and it's the only way they can get it

fair enough, but fish4 concurred too.

checked rightmove, and they had some a little cheaper, but not much.

I rent from manning stainton as letting agents. I was initially dubious, as I know how highly they have pushed property prices in their agencies, but they are very good letting agents so far. Extremely cool and business-like. They strictly vetted us (sensible prof couple), and it's a long-term type unfurnished house rental, I'd say at or below market rental, and they seem to play by the rules. Seems a win-win for me. Overhearing business inside their letting offices, they refuse to push rentals too high, they berate landlords telling them 'you won't get a tennant if you sk for that amount of rent'.

interesting contrast, sorry a bit off topic. But I recommend them as letting agents in Leeds.

thanks for the info - always worth knowing who the good guys are

148 for sale now and still not selling!

hello is there anybody in yorkshire

rotherham s yorks.

2 bed semi in broom. big garden/big rooms went next door to me. asking price of 128k....sold 6 months later for 105k. anybody care to work out that percentage drop.lol

Hi, This post is very informative, however ther are some queries to ask about some specific topic. If someone can help me then please send me a private message. Thanks,

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