House price index are a good comparable gauge to measure how well the market is doing. 

HOUSE PRICES (Most recent statistics available):

SOURCE	Period Covered	Average house price	Month Change	Yearly Change
HALIFAX	June 09	£157,713	0.5% Down	15% Down
Land Reg	May 09	£152,397	0.20% Down	15.9% Down
Nationwide	June 09	£156,442	0.90% Up	9.30% Down
Rightmove*	June 09	£226,463	0.40% Down	5.50% Down

* Please note that Rightmove base their Average House Price on the Asking Price

It is interesting to see how vendors asking prices are still high in comparison to what properties actually get sold for (Land Reg) and valued via Surveyors (Halifax and Nationwide).

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Any notes...