"The proportion of asking price achieved remained static at 93.1% in July. Increases would indicate some recovery of prices
The time on the market increased again this month to an average of 9.5 weeks. Within this there are some major regional variations"
Time on market and % asking price achieved
"The balance between supply and demand leads underlying house price changes by 3 months. The improved balance over the first half of 2011 led an improvement in the underlying rate of growth."
Supply demand balance leads price changes by 3 months
Figure 3 shows the proportion of postcodes registering higher and lower prices over time. The balance of change swung into negative territory over the autumn of 2010 but the extent of price changes has slowed as supply has tightened. Prices were down across 31.6% of postcodes in July 2012."
Proportion of country registering higher and lower prices