PROPERTY prices in East Lothian increased by an average of 6.3 per cent in the past three months, according to the ESPC.
The average selling price of a property in the county rose by almost £15,000 on the previous year.
Between August and October 2019, the average property sale price in East Lothian was £252,198. In the same period in 2018, this was £237,251.
The median time it took for a property to sell was 26 days – one day slower than last year. The number of homes coming to market decreased by 1.4 per cent.
And the average percentage of Home Report valuation achieved was 101.8 per cent, compared to 102.5 per cent last year.
ESPC spokeswoman Claire Flynn said: “Increasing selling prices and a steady selling time indicates there remains strong demand for property in East Lothian.
"The decrease in sales volume is likely more to do with a shortfall of properties coming to market in recent months and years than lack of demand.
“As with other nearby areas, it seems demand continues to outstrip supply in East Lothian, but a decreasing percentage of Home Report valuation achieved could suggest this is starting to balance out more.”
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here