The local house market continues to bump along the bottom with the ongoing surfeit of supply ensuring that prices remain low.
With no sign of an end to the well documented shortage of mortgage funding for first time buyers and continuing weakness of the economy, the trend is well and truly established for the rest of the year.
Despite this apparently gloomy picture, sales are being achieved, with owners of well presented, competitively priced homes still able to sell. Patience is the order of the day, however, with the average period to effect a sale being 6 months.
