House Price Index and the North/South divide
The average price of newly marketed property continues its upward trend.
June was the third consecutive month where the average asking price has hit a record high due to a 0.4% (+1,364) rise.
The northern regions on average have 4.3% less available stock for buyers to choose from compared to a year ago, giving sellers potential upwards pricing power. In contrast all the southern regions have more buyer choice, with available stock up by an average of 17.5% compared to a year ago.
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