Fourth consecutive monthly fall for house prices
Fourth consecutive monthly fall for house prices
- 2004
- Hometrack Press Release 25 October 2004 (10) .
The Hometrack "Monthly national survey: October 2004" shows that there has been a -0.6% fall in average national house prices. Over the last eight months house price inflation has reduced from a peak of +0.9% in February 2004 to negative price growth since the summer. Agreed sales fell by 1% this month and the average time taken to sell has risen to 6.5 weeks. The average price achieved fell further to 93.7% of the asking price, the lowest level recorded by Hometrack, indicating that a buyers market remains in force. No counties reported house price rises. For further details go to the website. http://www.hometrack.co.uk/
HOMETRACK.CO.UK HOUSE PRICE INDEX
HOUSE PRICE INFLATION
INTEREST RATES
HOUSING-MARKET
HOMEBUYING
The Hometrack "Monthly national survey: October 2004" shows that there has been a -0.6% fall in average national house prices. Over the last eight months house price inflation has reduced from a peak of +0.9% in February 2004 to negative price growth since the summer. Agreed sales fell by 1% this month and the average time taken to sell has risen to 6.5 weeks. The average price achieved fell further to 93.7% of the asking price, the lowest level recorded by Hometrack, indicating that a buyers market remains in force. No counties reported house price rises. For further details go to the website. http://www.hometrack.co.uk/
HOMETRACK.CO.UK HOUSE PRICE INDEX
HOUSE PRICE INFLATION
INTEREST RATES
HOUSING-MARKET
HOMEBUYING