The Nationwide Building Society have just announced their assessment of the House price change for the month of June at a figure of 0.9%. This is third time in the last four months that the Nationwide has reported an increase in prices and describe the figures as a “welcome surprise”. The annual House price decline now is just 9.3%, down from a May figure of 11.3%.

Welcome indeed, for people trying for a Quick Property Sale, the probability of at least a stabilisation in House prices means that they might not now need to resort to further price drops in order to Sell Property Fast. Owners will hope that these figures now indicate a consistent trend and whilst no-one expects an immediate and speedy increase in House prices there are now good grounds to believe that the market could have turned the corner.

As soon as this mood gets to be the general view amongst would be buyers this will become a self fulfilling forecast. As would be buyers convince themselves that Properties will not be available at any lower prices then they’ll come back to the market pulled by the desire to catch the market at the low point and secure a good bargain. So Owners can look forward to increased interest in their homes even in the fairly short term and that Quick Property Sale now looks a real possibility. This effect is starting to be reinforced by more and more House owners accepting the principal “if I need enhanced by news that mortgage approvals have once more risen and now run at over 43,000 per month. Whilst this volume is still way under the historical average; it’s still a useful improvement on figures of just a few months back. In addition, there are signs that the growth in mortgage approvals is accompanied by a decline in the incidence of re mortgaging. Actually, with almost nothing to be gained by changing lender at the end of a fixed rate deal; many borrowers are electing to stay with their current mortgage provider and this trend cuts down the number of re mortgage approvals. This means that a larger proportion of new mortgage approvals are for House buying so the actual House purchase transaction numbers may well be up by an even larger amount.

There’s now room for cautious optimism that the House market has bottomed out. This doesn’t mean that House prices will quickly get back to mid 2007 levels, rather it means that a period of price correction is now behind us, and that anybody bringing a House to market at a price reflecting that adjustment can now expect a reasonably Quick Home Sale.