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Right Move East Midlands Houseprice Index-June 2017

Sales still strong, but prices fall in June for first time since 2009

  • The number of sales agreed at this time of year is the second highest for ten years, only slightly lower than the high of May 2014
  • However, spring price momentum stalls as price of property coming to market drops by 0.4% (-£1,172), the first fall in June since 2009 at the height of the credit crunch, and the first fall this year
  • Some markets struggling against headwinds, whilst others still have following wind despite uncertainty:
  • Markets performing at different speeds and levels depending upon geography and sector 
    • Northern markets motoring ahead with an 11% increase in sales agreed year-on-year, compared to only a 3% increase in the South
    • First-time buyer sector sees newly-listed prices surge 3.5% month-on-month and 5.5% year-on-year
    • East Midlands has shown a year on year increase of 5.1% and Average House Price is £208,000