The boost contributes to the longer-term trend, which has seen property prices in the area achieve 12.5% annual growth.
The average house price in May in East Yorkshire was £204,971, Land Registry figures show – a 1.5% increase on April.
Over the month, the picture was better than that across Yorkshire, where prices increased 0.8%, and the East Riding outperformed the 0.9% rise for the UK.
Over the last year, the average sale price of property in East Yorkshire rose by £23,000 – putting the area ninth among Yorkshire and The Humber’s 24 local authorities for annual growth.
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The best annual growth in the region was in Richmondshire, where property prices increased on average by 21.8%, to £255,000. At the other end of the scale, properties in Ryedale lost 4.8% of their value, giving an average price of £236,000.
Winners and Losers
Owners of detached houses saw the biggest improvement in property prices in the East Riding in May – they increased 1.6%, to £302,514 on average. Over the last year, prices rose by 13.5%.
Other types of property:
Semi-detached: up 1.4% monthly; up 12.1% annually; £189,502 average
Flats: up 1.2% monthly; up 8% annually; £104,740 average
First steps on the ladder
First-time buyers in the East Riding spent an average of £169,000 on their property – £18,000 more than a year ago, and £36,000 more than in May 2016.
How do property prices in the East Riding compare?
Buyers paid 12.7% more than the average price in Yorkshire and The Humber (£182,000) in May for a property in the East Riding.
Across Yorkshire and The Humber, property prices are lower than those across the UK, where the average cost £255,000.
The most expensive properties in Yorkshire and The Humber were in Harrogate – £309,000 on average, and 1.5 times as much as in the East Riding.