SALES NEWS: Sellers urged to price keenly to attract buyers
The number of homes on the market increased around 25 per cent over the summer according to the National Association of Estate Agents – which means sellers this autumn must be competitive on their asking prices to ensure they attract buyers.
Although there has also been an increase in the number of potential buyers registered with agents, as usual at the end of summer, the number of homes on sale is now the highest for two years according to the NAEA.
Meanwhile the latest Nationwide index shows that annual house price inflation is running at 3.2 per cent while the Land Registry – considered by many to be the most authoritative index – shows house prices rising at 4.7 per cent over the past year.
Both indices show house price growth slowing, and both forecast more moderate rises for the rest of 2015.