Prices of Houses Sold - Media Reporting

July and August data shows that trying to report on the property market purely covering property prices is pointless. As with any market analysis, it's often the volume figure that is far more interesting.

For example, property sales' volumes started to fall in September 2007, for the Land Registry property price falls weren't recorded until NINE MONTHS later, in June 2008. Over those nine months, the number of properties sold fell by 49%, from 100,000 properties per month to just over 50,000.

READ MORE for my latest summary on the property market. Want to know what's happening to LOCAL HOUSE PRICES in your area, ignore the headlines, let me help you work it out for yourself READ MORE.