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
- Budget uncertainty is prompting buyers to ‘wait and see’, leading to the first annual decline in sales agreed in two years
- Buyer demand is down 8% compared to last year and sales agreed are down 3% as activity cools – more notable in higher value markets
- House price inflation is steady at +1.3%, with prices flat in southern England but rising by more than 2% elsewhere
- More homes for sale (+7%) is giving serious buyers greater choice
- Average time to sell is up to 37 days, c.10% longer than last year
- Realistic pricing is key to securing home sales
- 350,000 homes worth £100bn are progressing through the sales pipeline – the largest in four years
You can download the latest full report from the Hometrack website.