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:
- 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
*Source Rightmove