ESPC House Price Report May 2014
- Between March and May, the number of homes sold across Edinburgh, the Lothian’s and Fife rose by 43% annually. The number of homes coming onto the market rose by 11% over the same period.
- House prices rose in most areas of East Central Scotland, with the average house price in Edinburgh up 2.9% annually at £212,431.
- Almost 60% of homes sold in the Capital achieved or exceeded their valuation – the highest level since Home Reports were introduced.
- Selling times have quickened, with the median selling time across East Central Scotland falling from 12 weeks to just under seven weeks.
- The majority of sellers are now choosing to market their homes at Offers Over rather than at Fixed Price or Offers Around.
