Daft Report #2 – 1,153 Drops

The latest daft report shows price drops from 9th of November to the 26th of November.

Over the period there were 1,153 price drops and the average drop was 5.8%

The report is available in html and excel format.

Further analysis on the latest data will be provided during the week.

Time on the Market & Houses for Sale

We have used the CSO statistics for the number of houses in each county to help compile the latest analysis.

Leitrim currently tops the list with nearly 8.7% of all houses in the county for sale at the moment.

Roscommon is the slowest market at the moment with houses on the market for an average of 130 days.

Link

Daft Inventory – Some Stats

We intend to start providing some summary stats on Daft inventory.

All Stats as of the 9th of November.

There are currently just over 50,000 properties listed on Daft as of the 9th of November.

Over 8,300 have reduced the price at least once (16% or 1 in 6 properties. Up from 1 in 10 in September)

There have been 19,000 cases of price reductions (some properties reduced their price more than once)

Based on the latest sales/withdrawals there is 1 year 5 months supply on the market. Assuming no new properties are listed

The average time on the market is 110 days, just less than 4 months.

25% have been on the market since March.

Daft – All Price Reductions

We have gone through all the data on Daft since mid March 2007 have compiled a list of all properties that have reduced the price up to and including the 9th of November 2007.

In total 8,340 properties have reduced their price and are still listed on Daft (out of a total of approximately 51,000 properties currently listed).

1 property has had to reduce the price 7 times, 4 properties have reduced the price 6 times while 10 properties have had to reduce the price 5 times.

Due to the number of properties the size of the html file is too large (14MB) to post at the moment.

We will only be able to post the complete data set in excel format and a sub-set in html format (4 or more reductions).

If there is demand we can publish the rest of the data in html format in smaller more manageable files at a later stage.

We’re back – Daft Report

This is the our first Daft Report, following our extended holiday.

We have a number of further developments planned for the future and will also continue to produce the Analysis as before.

Thanks for everyone’s patience.

This is a 3 week report for the week ending the 9th of Novemember

There were 1,521 price reductions over the 3-week period and the average reduction was 5.9%.

The report is available in html and excel format.