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October asking prices are up 1.1% following September’s fall

Oct 16, 2017

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Average UK asking prices in October were up 1.1% according to latest figures from Rightmove, reversing the 1.2% monthly fall recorded in September.

The national average asking price in October was £313,435 – up from £310,003 in September. Asking prices for first-time buyers were up 0.7% on a monthly basis to £196,328, the second steppers sector saw a monthly rise of 0.2% to £266,871 and the top of the ladder sector saw average asking prices increase by 0.9% to £554,246.

Rightmove’s figures also revealed that homes most likely to sell are second-stepper properties, with an average time to find a buyer of 60 days, followed by first-time-buyer type properties at 62 days. Top of the ladder properties take 76 days on average so are less likely now to sell before Christmas.

In spite of a more challenging environment in 2017, sales agreed numbers year-to-date are 1.1% ahead of 2016.

Original source: http://www.rightmove.co.uk/news/house-price-index/

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