There are signs of some over-optimism in the "top of the ladder" property sector, Rightmove said. ![]() The number of buyers making inquiries to estate agents about homes for sale is now 3% higher than at this time in 2019.The average discount from the final asking price to the agreed sale price has steadied at an average of 3.1%, in line with pre-pandemic market levels.Some other stats released by Rightmove today: This screengrab from the company's House Price Index shows average prices based on the circumstance of the buyer. Steadying mortgage rates and a generally more positive outlook for the economy are contributing factors, Mr Bannister said. Rather than a downturn, Mr Bannister now expects the market will "continue to transition to a more normal activity level this year following the exceptional activity of the pandemic years". Tim Bannister, the company's director of property science, said: "One reason for this increased confidence may be that the gloomy start-of-the-year predictions for the market are looking increasingly unlikely." Rightmove cautioned that the "hyper-local" market is still price-sensitive and buyer affordability remains stretched - but there is now "increasing confidence from sellers". ![]() ![]() The 1.8% month-on-month rise is the biggest of the year so far. The average price tag on a home jumped £6,647 in May to a record £372,894, the online estate agent says.
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