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.
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 firstname.lastname@example.org