Affordability constraints and a resilient first-time buyer market are supporting demand for smaller homes.
Related topic: House prices
64% of all homes are in local markets with annual price falls, down from 82% last October, with a clear north-south divide emerging.
The number of new sellers coming to the market is up by 12% compared to this time a year ago, while the number of sales being agreed is up by 13%.
The average UK house price was £281,000 in February, unchanged from 12 months ago.
In March 2024, the UK housing market saw modest house price growth - although regions varied considerably - according to the latest data from e.surv.
Buyer enquiries continue to rise, with new listings activity also picking up.
House prices remain up 2.0% on the previous quarter.
All regions saw an improvement in annual rate of change in first quarter of 2024.
Sales agreed are up 9% compared to a year ago.
Average house prices increased in 69% of areas compared with 2022, while average earnings increased in 88%.
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