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11 December: Buyers Welcome Improved Stability
- Average asking prices down 1.9% in December
- Prices fall 1.1% annually
- Buyer demand up 6% due to ‘calmer conditions’
- Average asking price £355,177
Asking prices for properties coming onto the market fell by 1.9% this month – almost £7,000 in real terms – according to property portal Rightmove.
Prices usually fall in the run-up to Christmas, but this month’s drop is steeper than the 20-year average 1.5% fall in December.
Rightmove says the fact that prices are down by a relatively modest 1.1% on this time last year indicates resilience in the market borne out of the lack of homes for sale. The average asking price for property nationally stands at £355,177.
The portal’s data shows that agreed sales for…