Rightmove’s House Price Index was released to the media this morning and gives a national picture of house prices and activity over the last month. Here are some key facts.

• Price of property coming to market falls by 1.2% (-£3,660) this month, the first monthly fall at this time of year since 2013
• National average price fall exacerbated by London continuing to readjust and smaller falls in the other southern regions
• Potentially good news for buyers’ finances with average earnings of +2.1% now almost double annual property price increases of +1.1% – the lowest annual rate of house price increase since February 2012
• Number of sales agreed is higher than this time a year ago in all regions, up nationally by 4.8%, showing that demand remains strong for the right property at the right price

Read the Full House Index here

Source: Miles Shipside M.R.I.C.S.
Commercial Director at Rightmove