The average price of property coming to market rose by just 0.2% to £366,247 this month, according to property listing platform Rightmove.
This latest growth of around £890 to new seller asking prices, Rightmove said, was notably lower than the average increase of 1.2% for this time of year – a sign that many new sellers are taking note of the economic headwinds and the transitioning of the housing market to a slower pace and more normal activity levels.
The number of sales agreed is now on par with the same period in pre-pandemic 2019, with agreed sales volumes now just 1% behind March 2019’s figures.