Price of property coming to market reaches a record high
- Prices of new-to-the-market property rise by modest 0.4% (+£1,228) this month, but enough to push the national average to a new record of £305,732
- Surpasses previous national high of £304,943 set in July 2017 by 0.3%, with six out of eleven regions also hitting new peaks
- Record monthly visits to Rightmove in March indicate strong interest in property, though the subdued 1.6% annual rate of price increase warns that many buyers are increasingly price sensitive
- On average sellers are achieving 96.7% of their final asking price, a gap of just over £10,000 on the current national asking price, though this varies by region, location and property
It has been a fantastic few months at I Am The Agent and our lovely searchers are wanting more pad to wet their appetite. So get online and add your property for rent or sale today!
Courtesy of Rightmove Group.