House prices fall as sellers become more realistic - Telegraph
The housing intelligence company said the number of sales agreed by agents rose by 10.6pc in June - its highest level for three months - after the market was boosted by sellers agreeing to lower prices.
Prices fell by 0.1pc in June and have now dropped in 11 of the past 12 months.
They will fall by about 1pc in the second half of the year as more new homes come onto the market but demand remains subdued, causing the number of homes on estate agents' books to rise, it predicts.
Hometrack research director Richard Donnell said: "The second half of the year is set to see subdued demand keeping a further downward pressure on prices.
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