April House Price Index 2018

Prices of properties coming to the market reach a new record high!

We took a look at this month's Rightmove house price index for a round up of the market this April.

According to the report the price of new to the market properties have climbed by 0.4% (+£1,228) which is just enough to push the national average to a new record high of £305,732. The previous record was £304,934 which was set in July 2017.

With a record number of monthly visits to Rightmove in March, this suggests a strong interest in people looking to buy, but with the annual rate of prices rising to 1.6% this will mean that buyers are becoming more and more sensitive to property prices.

On average, sellers are achieving around 96.7% of their final asking price, although this does vary between region, location and property. 

Looking at the North East specifically, the average asking price is £150,304 which is +1.1% change on the monthly average. The average property sells in 79 days in the North East according to the property portal.

For more information on other regions please see below. 

 

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If you're looking to sell your home, you can get in touch with our sales team to book your free valuation on 0191 649 7008 or email sales@waltonrobinson.com 

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