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House Prices - Summary
HOUSE PRICES IN DECEMBER 2011
On
a monthly basis, house prices declined by 0.9% in December.
There was a very mixed monthly picture during 2011 with six
monthly falls, five increases and one month of unchanged
prices.
On
an annual basis, as measured by the average for the three
months to December against the same period a year earlier,
prices in December were 1.3% lower. Despite this modest fall
in prices during 2011, there was an improvement in the annual
rate during the year from a low of -4.2% in May.
Housing market conditions little changed over the past 12 months. Market
conditions, as measured by the ratio of house sales to the stock of unsold properties
- reported by the RICS's monthly survey – have been broadly
unchanged since November 2010. This stability in the overall
supply/demand balance in the market helps to explain the
modest movement in house prices.
Slight rise in house sales. The number of completed house sales has risen
to its highest levels of 2011 in October and November. The
number of sales in November 2011 was the highest since
December 2009, at a seasonally adjusted 79,000. Despite these
recent signs of improvement, total sales in the first 11
months of 2011 were 2.5% lower than in the same
period of 2010. (Source: HMRC)
| Month |
Average
Price |
Monthly
Change |
Annual
Change |
Index |
| |
|
December
|
£160,063
|
-0.9%
|
-1.3%
|
518.0
|
|
November
|
£161,556
|
-1.0%
|
-1.0%
|
522.9
|
|
October
|
£163,311
|
1.2%
|
-1.8%
|
528.6
|
|
September
|
£161,132
|
-0.5%
|
-2.3%
|
521.5
|
|
August
|
£161,926
|
-1.1%
|
-2.6%
|
524.1
|
|
July
|
£163,981
|
0.3%
|
-2.6%
|
530.7
|
|
June
|
£163,049
|
1.2%
|
-3.5%
|
527.7
|
|
May
|
£160,519
|
0.1%
|
-4.2%
|
519.5
|
|
April
|
£160,395
|
-1.4%
|
-3.7%
|
519.1
|
|
March
|
£162,912
|
0.1%
|
-2.9%
|
527.3
|
|
February
|
£162,657
|
-0.9%
|
-2.8%
|
526.4
|
|
January
|
£164,145
|
0.8%
|
-2.4%
|
531.3
|
Index Seasonally Adjusted.
Based on Index 1983 = 100
Source: Halifax and Nationwide
House
Prices in 2010
House
Prices in 2009
House
Prices in 2008
House
Prices in 2007
House
Prices in 2006
House
Prices in 2005
House
Prices in 2004
House
Prices in 2003
House
Prices in 2002
House
Prices in 2001
House
Prices in 2000
House
Prices in 1999
House
Prices in 1998
House
Prices in 1997/6
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