Blog Post

Sales price snakes and ladders

Dewi Dewi Jones May 22, 2024, 13:00 PM

The average asking price of homes being listed for sale on Rightmove has climbed by 0.8% in the last month, to a new high of £375,131.

The top-of-the-ladder sector is driving price growth, with 4-bed detached and 5+-bed properties increasing 1.6% in the last month, ascending higher than the first-time buyer and second stepper segments.

A spring pick-up in the property market combined with pent-up demand is resulting in upwards pressure on prices. May is typically a strong month for price growth, with new price records set in May in 12 of the past 22 years.

However, the market remains price sensitive, with 62% of offers currently being accepted at up to 5% below asking price, with a further 20% slipping to more than 5% below. Source: #Dataloft by PriceHubble poll of subscribers, Rightmove

Leave a comment
Newest on top Oldest on top
Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"The experience was good"

- Bailey

"I would have no hesitation on recomending Gill and her team to manage a property or portfolio, in fact I think anyone would be mad to go anywhere else!"

- Barry

"The attention to detail and commitment to customer service is remarkable."

- Asad

"We are both so happy with the agents"

- Megan

"They are truly the best"

- Paulina

"We are very grateful for everything and wholeheartedly recommend Peter Anthony to anyone looking for outstanding property management services."

- Aman

"Both very Knowledgeable about the all properties I was inquiring about"

- Joanne

"It has always been prompt action on any issue raised and the feedback has been positive."

- Oketokun