Average new seller asking prices hit record high of £312,625 pushing annual price growth to 3.5%.
Record prices fuelled by strong buyer demand and lack of supply compared to the same period a year ago:
- Number of sales agreed up by 17.8%, to the highest at this time of year since 2016
- Properties selling an average of 6% faster nationally, and 18% more quickly in London
- Disparity between supply and demand as new seller numbers rise by just 1.2%
- Rightmove recorded five busiest days ever in February