See below part of the overvew for the latest House Prices from Rightmove.
The full Report and Prices Index can be checked here:
The week before the election saw the highest number of new sellers coming to market since week commencing 28th June 2008, seemingly undeterred by the impending election. However, the lack ofbuyers able to obtain a mortgage and proceed in these uncertain times is now starting to tell in Rightmove’s statistics, with this year’s unsold stock level continuing its inexorable rise. As a result of this flush of competition, fresh sellers muted their asking price demands somewhat, with a seasonally low rise of 0.7% (£1,622).
In May last year average asking prices rose by 2.4%. The average May increase over the past decade has been 1.5%, so with a more modest monthly increase of 0.7% there are signs that this year’s sellers are now toning down their bullish spring price expectations. What they have not done is stay off the market, or be put off by the political uncertainty. In the last full week before the election, Rightmove recorded its highest number of new listings for nearly two years. The last time we recorded over 30,000 new listings in a week was in the week commencing 28th June 2008.
See the full report here: