House prices have fallen in Flintshire, Conwy, and Anglesey between July and October this year.

Figures from Principality Building Society’s Wales House Price Index for Q3 2024 show the house prices from each of the 22 local authorities in Wales.

The Isle of Anglesey and Gwynedd saw the most significant annual decreases in house prices in North Wales, with drops of 12 per cent and seven per cent respectively.

Despite the general downward trend, Wrexham and Denbighshire reported increases.

Wrexham experienced a 2.4 per cent annual and 5.3 per cent quarterly rise, bringing the average house price to £221,050.

Denbighshire saw a 1.7 per cent quarterly increase, with an average house price of £213,092.

Across Wales, the average house price fell to about £232,400 in the third quarter of 2024.

This is 2.9 per cent lower than in October 2023 and nearly seven per cent below the peak of £249,000 at the end of 2022.

These numbers follow on from the nationwide increase in the previous quarter of 3.1 per cent. 

Despite the decline in prices, there were around 11,200 transactions in Wales in the third quarter of 2024.

This is an 18 per cent increase from the second quarter and an 11 per cent rise from the same period last year.

Shaun Middleton, head of distribution at Principality Building Society, said: "The third quarter of 2024 signifies a slow and steady recuperation of the housing market, despite house prices adjusting slightly down in the third quarter, following an uptick in the second.

"Across Wales, developments at authority level are mixed, reporting no-clear direction with house price trends.

"Nevertheless, there is a clear upward trend in sales, demonstrating that market activity is overall looking positive."

The UK Government's upcoming October budget announcement is expected soon, with 'strong indications' that housing affordability will be a key focus.

This hints at possible planning reforms, with expectations of measures to 'boost' social and affordable housing, as well as additional support for first-time buyers, especially those struggling with large deposits.

Mr Middleton commented: "While house prices are still adjusting downward, sales activity is gaining momentum, suggesting that a slow but steady recovery might be on the horizon.

"However, the pace and nature of the recovery vary by region and property type, so market participants should stay informed about local conditions."

For more information on the statistics, you can visit the Principality Building Society website.