Rightmove has reported that new homes coming onto the market are continuing to outstrip buyer demand, as the holiday season continues.<\/p>\n
According to the property portal, the average asking price of a UK home has fallen 1.7% (to \u00a3232,241) across the 117,000 properties added to the firm\u2019s website in August, compared with a month earlier.<\/p>\n
The \u00a34,091 reduction is the biggest measured this year and follows on from a new asking price drop of 0.6%, in July.<\/p>\n
Furthermore, average available properties per estate agency branch have increased for the sixth consecutive month, to 79, up from 77 in Rightmove\u2019s July report.<\/p>\n
The firm\u2019s director and spokesman, Miles Shipside, points out that sellers usually only come to market in August when they feel they must, indicating many have a \u201ccompelling need\u201d to sell.<\/p>\n
He also suggest that homeowners who marketed earlier in the year, but have yet to find a buyer, may have to do a bit of \u201cpruning\u201d on price to beat the new competition.<\/p>\n
With asking prices having risen 7% from January to June but fallen back by 2.3% in the last two months, Mr Shipside is predicting that the gains made so far in 2010 will have dissipated by year end.<\/p>\n","protected":false},"excerpt":{"rendered":"
Rightmove has reported that new homes coming onto the market are continuing to outstrip buyer demand, as the holiday season<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[23],"tags":[],"class_list":["post-316","post","type-post","status-publish","format-standard","hentry","category-house-market"],"_links":{"self":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=316"}],"version-history":[{"count":0,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/316\/revisions"}],"wp:attachment":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}