Average British house price hits record high of £375,000
palordrolap, This is mean sale price, right? Got to wonder what the current median property value (not sale price) is, and how close that is to this mean.
My point being that a lot of churn at prices near the mean would keep that mean away from a true median property value.
GreatAlbatross, 
Once the mortgage rates ease off a bit, and (potentially) stamp duty moves, they’re likely to go through a big rush again.
An average house in an average place is generally at the limit of affordability, when the rates drop a little, expect the prices to lurch to fill the gap/extra profits landlords can make from the lowered rates.
NegativeLookBehind, 
S’bit pricey, innit guv?
Elkenders, There does seem to be a lot of movement where I live just south of London.
jordanlund, 
$476,453 US.
Zip2, 90,908 Big Macs.
applepie, Median income is of course lower than the US?
jordanlund, Good question… not sure.
www.avtrinity.com/uk-average-salary
The median average salary for all workers (full-time, part-time, male and female) in the UK in 2023 was £29,669 (£27,756 in 2022 and £25,971 in 2021).
The mean average salary for all workers (full-time, part-time, male and female) in the UK in 2023 was £35,404 (£33,402 in 2022 and £31,447 in 2021).
£29,669 = $37,678.44 USD
I’m getting conflicting info for the US.
This site says $40,480 in the US in 2022.
fred.stlouisfed.org/series/MEPAINUSA672N
This site says $74,580.
www.census.gov/library/…/p60-279.html
Aha, I see… PERSONAL income vs. HOUSEHOLD income.
Median home price in the US is $433,588:
applepie, (edited ) Yep peraonal v household.
Not sure what UK household is but looks like personal is within deviation and so is housing costs
So we are getting fucked about the same. Canadians overlords appear to hate them more tho
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