Daft’s own ecomomist, Donal Lyons, got his facts wrong on the number of properties for sale. He states that the number of properties for sale peaked in September. This is incorrect. The number of properties for sale in DUBLIN peaked in September. At national level the number of properties for sale is still rising.
That suggests to me that they’ve corrected for duplicates or the stockpiles of estate agents newly joined up with daft resulting in a false jump in the series, or some other inconsistency that would arise in just going on every hour and taking their total.
Incidentally, that trend in Dublin is interesting. How it develops over the first quarter could be very important.