House prices slip back in May – Money Marketing

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The median sales price of a new home rose 0.4 percent from a year ago, to $312,400. But that masks a broader change last month, which was more sales at luxury prices levels. Ten percent of new homes purchased in April cost more than $750,000 – twice the percentage of homes bought last year in that range.

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Prices fell by 0.1 per cent in Central London and East Sussex. The survey shows that the average house cost 147,200 in January, up from 146,800 in December.

UK house prices slip as market loses momentum. May’s dip makes it the third fall in house prices over the past four months, with a modest 0.1pc rise recorded in April. The average UK house price is now 213,618. Robert Gardner, Nationwide’s chief economist, said surveyors were continuing to report subdued levels of new buyer enquiries,

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It’s a tactic designed to make a home listing look fresh. But increasingly, a true relisting is defined as having a 90-day gap between the time the property goes off the market and when it comes back. In that scenario, many real estate agents say it isn’t always price that kept the property from moving.

Nethouseprices is a free service providing you with the latest sold property prices throughout England and Wales as recorded by the Land Registry. Our sold price data is one of the largest available, with millions of records covering sales from 1st January 1995 to 31 May 2019.