House prices slip but sales rise
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.