Depending on who you believe the house price boom is either over, stalling or treading water.

The Royal Institution of Chartered Surveyors has predicted that house prices in London will remain flat the for the whole of next year (previously it had forecasted growth of 3%) and Right Move are talking falls of 2.5% month on month.

So what does this mean to you the house seller, or house buyer?

For the house seller it means a slower market, and a need for more realistic pricing. Many sellers are still hanging onto the boom asking prices, and finding that their viewings figures are tailing off. Realistic asking prices will still bring the buyers in – lets not forget that for some a house purchase isn’t about a money making investment– it is a place to call home.

For the buyer – you’ve now got less competition – and with any luck the days of sealed bids and frantic negotiation are over. In fact, it’s altogether so much more pleasant to go house hunting these days – and you can expect better adjusted prices.

So, yes there’s a little bit of adjustment going on. But no matter what happens lets not forget – a house is a home, and you’re in it for the long term.