Asking prices stick as 43% more homes flood market
News Category: Industry News
Published: 12-Jul-2010
There are now 43% more houses on the market than at the start of the year – but asking prices are still not coming down.
According to FindaProperty this morning, the average asking price is £220,231 – compared with the £166,000 actual sales price quoted by Halifax.
Stock levels have grown 6% in the last month and there are more houses for sale than in January 2008.
FindaProperty says that in seven regions in the UK, asking prices have stabilised or risen slightly in the last month.
In only four regions have asking prices fallen. These are the West Midlands, Wales, the South-West and London. In the first three, asking prices have fallen only 0.1% to 0.2%.
The only meaningful fall in asking prices is in London, where FindaProperty records a 1.1% drop, down to an average asking price of £435,110.
In London, stock levels rose 7% over the last month and are up 51.3% compared with the start of the year.
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