Let's take a look at the house price index for August!
August 2017 saw a drop in house prices in the North East by 0.8% which is an average of £2,758. The North East region fared slightly better than the national average of a 0.9% decrease. These decreases can be attributed to the seasonal lows experienced over the school holidays. The average time is takes to sell a property has slightly increased by just one day so despite prices dropping a little, it's not taking too much longer on average to sell your home.
The August 2017 North East average house price was £148,819 which is a decrease from July's average of £150,012. In comparison to August 2016's average of £147,330; house prices in the North East are up by 1.0% which was the smallest increase of all regions.
The top three hottest markets this August according to Rightmove were Northamptonshire, Derbyshire, and Norfolk.
To find out some more information head to the Rightmove website!