The average price of a new home fell by 0.5% in June 2009, following a sharp drop of 2.5% in May.
The monthly drop reduced the decline in annual growth in the new homes market to -13.7%.
According to SmartNewHomes.com, the rising price of larger property types continues to indicate the re-emergence of a supply/demand imbalance in the family homes market, with the price of detached homes increasing for the fourth month running.
David Bexon, managing director of SmartNewHomes.com, said: “The number of new homes coming onto the market in June rallied slightly from the previous month
