Asking prices for homes in Yorkshire and Humberside have climbed by 1.9 per cent in just one month.
The increase makes it the top-performing UK region, according to property search website Rightmove.
Patrick McCutcheon, head of residential at Dacre, Son & Hartley, which has a branch in North Street, Keighley, said: "In part the market has been running through a period of normalisation recently, with stock levels having slowly increased over the past three years to finally reach the ‘normal’ levels which were typical pre-Covid.
"This gives an excellent choice to buyers across the whole price spectrum, but it does mean price growth is subdued.
"Tax changes cannot be far from buyers’ minds and the risk that the Chancellor will do something radical in the budget is weighing on the upper sector, although August’s interest rate cut has brought some renewed activity to that part of the market.
"Meanwhile, the mid-range market, where homes typically cost £400,000 to £800,000, remains relatively robust.
"But, as ever, it’s all about sensible pricing and realistic expectations."
Despite the monthly rise, asking prices are just two per cent higher than this time last year.
The average price of a home in the region now stands at £258,568.
Nationally, asking prices increased by just 0.4 per cent over the past month, with London and the south driving the dip.
This marks the first annual national price drop since January 2024.
Colleen Babcock, property expert at Rightmove, added: "We’d expect to see a slight uptick in new seller asking prices in September, with the traditional back to school season boosting activity heading into autumn.
"This year’s 0.4 per cent September price rise is a little lower than the norm, which is an average of 0.6per cent at this time of year.
"Rumours of property tax changes began swirling in mid-August, and with the Budget itself not arriving until the end of November, this kind of extended uncertainty can affect market activity, especially in the higher price brackets.
"Our real-time data has not yet picked up any major shifts, however, it’s understandable that those who could be negatively affected by the rumoured changes might be in the process of reassessing their short- and medium-term plans."
Despite subdued price growth, the number of sales agreed nationally is four per cent higher than this time last year.
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