The latest LSL-Acadametrics house price index, published today, shows a strange picture. Normally, low transactions would be associated with very weak prices, but not at the moment. June saw the second lowest monthly transactions since 1995, partly as a result of the Jubilee bank holiday and bad weather, and yet prices just slipped by 0.1% on the month. They were 3% up on a year earlier. Low demand and low supply are producing a curious balance in the market. More here.