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Average house price £16k higher than a year ago
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Average UK house price nearly £16,000 higher in April than a year ago
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Initiative to improve information in property listings for buyers and renters
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19
th April 2021 10:11 am
Average asking prices jumped by 2.1% in the month to April and by 5.1% year on year to reach a record £327,797, according to the latest index from Rightmove.
The increase of £8,733 was only the second time in five years that prices have jumped by more than 2% in a month.
Properties are selling at their fastest rate on record, with the average time from listing to an offer being agreed reducing to just 45 days in April.
Almost one in four properties that had a sale agreed in March had been on the market for less than a week, which is the highest rate ever recorded.