IPW Sales Report #17, large increase in number of drops

The number of properties dropping their prices per week has doubled in the last month. We have seen a record number of drops in the last week.

The drops per day on Daft has increased to 185.
The drops per day from all sites is just over 246.

Over the period 20th April to the 27th April 2008 there were 1,772 drops and the average drop was €28,144.
Over the same period there were 129 increases.

The 1,772 properties reduced the price by just short of €50 million in total.

See the full report below: