Rightmove released its latest house price index today with the salient points as follows:
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, buyer choice is restricted as supply fails to keep pace with strong sales and buyer demand.
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.
