House Price Index for Aug for East Midlands has increased 6.8% on the year and the average time taken to sell a property is 61 days.
Plethora of Sold boards restricts choice as buyer demand remains strong.
Newly marketed property prices at virtual standstill, up by 0.1% (+£312) as we enter quieter holiday season
Fundamentals remain good mid year with robust demand, low interest rates and low unemployment:
Sales agreed numbers remain strong year to date in 2017, almost identical to 2016
Prospective buyers in many parts of the country are seeing the highest proportion of properties marked as sold than at any time in the last seven years. Even with 7.6% more sellers coming to market this month compared to this time last year, stretched buyer affordability acting as a price brake with national average at a modest +2.8%, with buyers very price sensitive and some properties hitting their price ceiling.