Average prices in England & Wales gain just £1,000 in the year
- Prices creep slowly upwards on an annual basis
- Transactions in May 2019 up 7% on previous month
- Nottingham takes top spot in Conurbation annual house price growth league
In May, the average house price in England & Wales fell by a modest -£200, or -0.1%, to £300,866. This was the third month in succession that average prices have fallen marginally, with prices some -£250 lower than at the start of the year. Over the last twelve months – as Figure 1 illustrates – the movement in prices from one month to the next has been relatively subdued, with a maximum change of ±0.7%. Thus the increase in the average price over the last twelve months amounts to a minor +£1,000, or +0.3%, suggesting that all is quiet on the housing front.
Data source: LSL Property Services