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Hometrack UK House Price Index – March 2024

by | Apr 10, 2024 | Clients

The Hometrack UK House Price Index analyses housing market trends at a city level on a monthly basis – across 20 cities, plus regions, and nationally.

Executive summary

  • Annual house price inflation slows to -0.3%, up from -1.4% in Oct 23.
  • Market activity improves across all key measures led by sales, which are 9% higher than a year ago.
  • More sellers coming to market and stock of homes for sale up 20%
  • House price inflation is higher than Q3 2023 across all areas but still negative in southern England.
  • The percentage of the asking price achieved has narrowed from 95.5% in November 2023 to 96.1% in March 2024.
  • Sellers accepting a median average discount to the asking price of £10,000, down from £14,250 in Nov 2023.
  • 2024 is set to be a year of better sales volumes and flat house prices.

 

You can download the latest full report from the Hometrack website.

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