House price inflation fell to its lowest level since January with the difference between chartered surveyors reporting rises and those reporting falls at 24%, down from 39% in September. This is still slightly above the long-term average of 23%.
Enquiries from potential buyers, which had been falling since the summer, stabilised. Completed sales per surveyor rose slightly to 36 from 34 in September, and the number of houses on chartered surveyors' books fell to 73 from 75 last month.
This meant that the ratio of completed sales to available stock rose in October to 49%, the highest for the last eighteen months.
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