Online House Hunter: A mixed March | Alan Cleaver | Independent Property Blogs
AMONG the batch of monthly housing surveys, Hometrack stands out as one of the more authoritative as it takes in details from 5,100 agents and surveyors across England and Wales.
Their survey of March shows the familiar good and bad news in these stuttering times. First the bad news: A drop of 3.2 per cent year-on-year in house prices. The monthly drop was just 0.1 per cent putting the average price of a property at £153,100.
The good news includes a continuing return to the market of house-buyers – a growth of 4.2 per cent over March. Volume of sales agreed grew by 12.6 per cent over March and Hometrack say this has led to “a firming in underlying pricing levels with the proportion of the asking price rising from 91.9 per cent in January to 92.7% in March.”
Other key points include: ........
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