Traditionally, what happens in the auction houses is seen as an indicator for what's likely to happen to the major house price indices... which might be worrying to somebody who's recently bought, because the auction discount is currently getting bigger, not smaller. In November, the discount - according to Fathom Consulting and Zoopla - is 22%, up from 18% in October. Although it's significantly smaller than it was during the great panic of 2008, it's still way above the long-term average. Go here for a cool graph.

Technorati Tags: property, real estate