Sell­ers drop prices but more needed

Yorkshire Post - Property - - PROPERTY -

AU­GUST her­alded a 1.8 per cent drop in new sell­ers’ ask­ing prices, ac­cord­ing to Right­move.

It is 2013’s first recorded fall but it is more mod­est than usual for this time of year, which is in­dica­tive of mar­ket re­cov­ery.

The prop­erty por­tal says that de­mand from home-movers is al­ready re­turn­ing with the num­ber of email leads sent from Right­move to agents and de­vel­op­ers up 17 per cent yearto-date

Prop­erty trans­ac­tions are also up five per cent while the sup­ply of prop­erty com­ing to mar­ket lags be­hind, in­creas­ing by just 0.2 per cent so far this year.

To avoid a re­turn to ex­ces­sive house price in­fla­tion, Right­move say we need more sell­ers to come to the mar­ket.

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