The last time we looked at UK House Price Indices we ended up with more questions than answers. I believe there is now a simple answer to why that was the case which I’d like to demonstrate in today’s post. To help with this we need to first take a step away from the published Rightmove, Nationwide, Halifax, Acadametrics and Land Registry House Price Indices and instead start with an analysis of some very raw data. This data comes courtesy of the Land Registry and is the database of actual sales in England and Wales for the month of September 2012. It is a list of 64,173 sales. If we plot these sales as a histogram we end up with the chart below.