Thu 18 May 2017
Price of property coming to market hits record high, up 1.1% (+£3,547) to £313,655 this month, though lower than the average increase of 1.6% at this time of year over the past seven years.
Overall annual pace of increase continues to slow, now at 2.2%, the lowest for four years.
First-time buyer sector is driving growth, up 6.5% annually to new record of £194,881.
Strong buyer activity with the number of sales agreed the highest at this time of year since 2007, before the credit crunch