Sales surge pushes new-to-market prices prices to record high!

16th March 2020

Sales surge pushes new-to-market prices prices to record high! 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