average volumes for house sales in perth and Kinross since 2003
The attached graph shows just how depressed the volume of sales continues to be with the level of sales being less than half the long term average for sales volumes. I used the source of all sales information the Registers of Scotland and picked out the localised data for Perth and Kinross I then calculated the average and created the chart you see.
It is our opinion that the market will not recover until there is considerable more houses on the market for sale. Only then can a postive upward spiral in volumes be created.
On price the average would appear to be going upward slightly but we think this hides the fact that first time buyers sales are still very low and this is distorting the average upward. On each individual sale the lack of demand means that there is little or no upward pressure on price.