Sum­mer slow­down hits house sales

Yorkshire Post - Property - - PROPERTY -

FEARS over lack of sup­ply eased as Home­track re­vealed that the num­ber of homes on the mar­ket grew by 2.4 per cent in July.

Aver­age house prices grew 0.3 per cent, though new buyer reg­is­tra­tions are slow­ing be­cause of the sea­sonal sum­mer hol­i­day slow down.

In York­shire, prices were static, the num­ber of properties on the mar­ket rose by 9.4 per cent, sales agreed were up by 7.9 per cent and aver­age time to sell was 9.5 weeks with sell­ers get­ting an aver­age of 94.5 per cent of the ask­ing price.

The UK aver­age time on the mar­ket has fallen to 8.2 weeks, the low­est for six years as a re­sult of rapidly short­en­ing sales pe­ri­ods in Lon­don, 3.8 weeks, and the South East, 6.4 weeks.

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