Move with Us says the average asking price of homes on sale across Britain rose by just 0.85 per cent with the Greater London market standing out as subdued after huge rises in the early part of the year.
The average asking price across Britain is now £265,545 with the largest rise in the third quarter of the year being the East Midlands - although its rise was a modest 1.36 per cent in the third quarter.
Greater London saw a rise of just 1.03 per cent with average asking prices settling at £466,147.
Average asking prices fell in two regions - north east England by 0.10 per cent and Scotland by 0.22 per cent.
Here's the full regional breakdown:
Greater London - Despite expectation of strong price increases expected for the Greater London market, the average asking price levelled in Q3 2014 for the first time since November 2012, finishing the quarter at £466,147. Year on year, however, the average asking price in the region has increased £87,636 (18.80%).
South West - The average asking price in the South West peaked at a record high of £282,093 in July. It then adjusted downwards slightly and stabilised in August and September, sustaining the increases seen in Q2 2014. By the end of Q3 2014 the average asking price in the region was £281,985, just £1,043 (0.37%) higher than Q2 2014.
South East - The market experienced a slight downward adjustment in August, despite a growth of £11,144 between April and July. This is not unexpected on the back of such strong price increases. By September, prices were rising once more albeit at a slower pace. At the end of Q3 2014 the average asking price in the area was £344,414, the highest on record. This is an increase of £33,925 (9.85%) in a yearly comparison. Despite these strong figures, prices in the South East grew minimally in a quarterly comparison in line with the national trend.
East Anglia - The average asking price in East Anglia levelled in August before increasing again in September to end Q3 2014 at £281,831. This is the highest average asking price on record for the region.
East Midlands - After increasing sharply in Q2 2014, the average asking price increased steadily throughout Q3 2014. The region saw the biggest percentage increase of any region in Britain in Q3 2014 of 1.36% (£2,621). By September the average asking price broke the record reaching £192,787.
West Midlands - The average asking price increased steadily throughout Q3 2014. By September it had reached £203,397, a quarterly increase of £1,464 (0.72%). However, this rise is minor compared to the strong growth the region has seen in recent quarters. Despite this modest growth, the asking price hit a record high in the region, increasing by a noticeable £8,929 (4.39%) in an annual comparison.
Yorkshire & Humber - After increasing in April and May, the average asking price in Yorkshire and Humber stood strong in June and July. It then increased again in September to reach £173,771, the highest it has been for five years. The average asking price in the region has increased £4,379 (2.52%) when compared to the same time last year.
North West - After increasing in April and May, the average asking price here has seen very little movement. It rose by just £196 (0.11%) in a quarterly comparison. Looking at the year on year comparison, however, the average asking price grew by £4,593 (2.58%) to £178,004 indicating a stable market that's growing at a steady pace.
North East - This is one of only two regions in Britain which experienced a dip in the average asking price in Q3 2014. This is, however, minimal at just £154 (0.10%) and the average asking price increased modestly each month in Q3 2014. In a yearly comparison, asking prices rose by £894 (0.58%) to £154,073 and as such the region can be seen as broadly stable.
Scotland - Despite fewer new listings coming to the market each month in Q3 and a reduction in the average asking price in June, average asking prices in Scotland remained stable throughout Q3 2014, finishing at £161,397 in September. This indicates that the market didn't fully accept the higher average asking price, despite lower competition amongst sellers.
Wales - The average asking price in Wales has increased steadily in the last six months. By the end of Q3 2014, it reached £181,650, the highest since 2009. This upward trend is set to continue as the number of new listings reduced each month, decreasing competition amongst sellers.
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