The price of property coming to market has hit a new record high for the third consecutive month, with an average monthly increase of 1.6% rising by £5,537, according to the latest data from Rightmove’s house price index.
The data showed that house prices have risen by £19,082 over the last three months, which is the largest three-month price increase that Rightmove has recorded, as high buyer demand has enabled sellers to ask and achieve higher prices.
With not enough property available on the market, sellers are able to find a buyer quicker than ever before, according to Rightmove, and twice as quickly as in the same period in the more normal market of 2019.
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