Summer slowdown hits house sales
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.