Key takeaways
- 693 homes are currently for sale in Lancaster — the highest level in 5 years
- 308 properties have been on the market for 12+ weeks, highlighting growing competition
- Average house price now stands at £187,923, up 4.9% over the past 12 months
- Price reductions hit 95 in June, up sharply from 53 last year and just 21 in 2022
- Homes that sold last month averaged 41 days on the market — compared to an overall average of 80
- Sellers who focus on presentation, pricing and market awareness are seeing the strongest results