House prices slip but sales rise

Yorkshire Post - Property - - PROPERTY -

HOUSE prices were slightly lower for a sec­ond month run­ning in Au­gust, ac­cord­ing to Home­track.

It re­veals that prices slipped an av­er­age 0.1 per cent af­ter a sim­i­lar fall in July. In York­shire, they fell by 0.2 per cent. How­ever sales were up 6.2 per cent.

The num­ber of new buy­ers reg­is­ter­ing with agents was 1.3 per cent per cent down on the month but the num­ber of prop­er­ties on the mar­ket crept up by 0.8 per cent.

Home­track says that the gap be­tween sup­ply and de­mand points to a con­tin­ued slow down­ward pres­sure on prices in the months ahead.

Na­tion­ally, av­er­age time on mar­ket per prop­erty is 9.5 weeks, but across the north it now stands at 12 weeks.

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