Leeds Property Market Trends: Recent Changes & 12-Month Analysis
Headline Figures: December 2022 to January 2023 Changes
The most recent data for the Leeds property market highlights some significant fluctuations in median prices for all house types between December 2022 and January 2023. It's important to note that these figures are provisional values and subject to revision, as not all sales have been registered for the latest months.
In January 2023, the median price for all houses in Leeds was £210,000, down from £225,000 in December 2022. Detached houses experienced the largest decrease, with the median price dropping from £407,500 to £330,000. Semi-detached houses saw a smaller decline, with the median price falling from £237,000 to £247,000. Terraced houses and flats also experienced price drops, with the median price for terraced houses decreasing from £170,000 to £135,000, and flats falling from £145,000 to £132,500.
Yearly Trends and Fluctuations (January 2022 - January 2023)
Detached house prices reached their peak in November 2022, with a median price of £500,000. Since then, prices have fallen considerably, reaching £330,000 in January 2023. Despite the recent dip, the median price for detached houses has generally been on an upward trend since January 2022, when the median price was £382,500.
Semi-detached houses reached their highest median price in October 2022 at £252,000. Prices have been relatively stable throughout the year, with a slight dip in January 2023 to £247,000, compared to £226,000 in January 2022.
Terraced house prices reached their highest point in November 2022, with a median price of £175,000. Since then, prices have decreased, with the most significant drop occurring between December 2022 and January 2023 (£170,000 to £135,000). The median price in January 2022 was £158,500, indicating an overall decrease in terraced house prices over the year.
Flats experienced their highest median price in June 2022 at £156,000. Since then, prices have seen a general decline, reaching £132,500 in January 2023. This represents a decrease compared to the median price in January 2022, which was £138,975.
The Leeds property market experienced fluctuations throughout the year, with a general upward trend for detached and semi-detached houses, while terraced houses and flats saw a decrease in median prices. The most recent data from December 2022 to January 2023 shows significant declines across all house types, but it's essential to keep in mind that these figures are provisional and subject to revision. For those interested in the Leeds property market, staying up-to-date with the latest trends and data will be crucial for making informed decisions.