The Rightmove House Price Index was released this morning, giving a national picture of house prices

Hottest ever competition to buy a home and highest ever prices with the national average price of property coming to market hits a new all-time high after rising by 0.3% (+£1,091) this month, to £338,462

This new record high is only £15 higher than the previous record set in July, a sign that prices are now stabilising

Hottest ever competition to buy, with buyer demand per property for sale more than double pre-pandemic levels

The rise of the ‘power buyer’ continues – those who have already sold their own home, have cash in the bank, or are first time buyers with a mortgage agreed, are in a more powerful position and are out-muscling those who still need to sell their current home

Early signs of a better-balanced autumn market with more homes coming up for sale to help with buyer choice, with the number of new listings in the first two weeks of September 14% higher than the last two weeks of August.

To read the latest Rightmove House Price Index please click here

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