According to data from a well-known property portal, the average house price increased by £5,537 in April alone. In comparison to three months earlier, the average UK property is now worth £19,082 more, raising the average house price to £360,101.*
The scarcity of properties has been the main driving force behind the steep increase in house prices, however, the supply is starting to stabilise.
What does this mean for you as a seller?
Despite more homes coming to the market, demand still outweighs supply. At present, sellers are successfully finding buyers twice as quickly as at the same time in 2019, and once a buyer has been found, homeowners are achieving top prices for their property. *
In fact, statistics suggest that you could achieve up to 1.6% more for your home than one month ago. *
If you do not yet have an up-to-date valuation, now is the time to get yours! Get an instant online valuation here.
*Rightmove
