Average asking price of a UK home jumps by nearly £3k in September

The average asking price for a British home has risen by nearly £3000 in September, according to research compiled by Rightmove. It is said that the average asking price has reached £370,759, rising by 0.8% or £2,974.

While September generally does see an increase in house prices, the rate of 0.8% is double the long-term average. Average asking price for UK home jumps by almost £3k in September What's happening in the housing market? 🏠 Average asking prices see a seasonal drop of 1.

5% (-£5,708) this month to £367,785. We've continued to see a seasonal month-on-month dip in asking prices from July to August for the last 18 years. 📉 See more 👉 https://t.

co/BqgImAgynV pic.twitter.com/sbLLM2inRa — Rightmove (@rightmove) August 19, 2024 Tim Bannister, Rightmove’s director of property science, said: “The autumn action has started early with a strong rebound in activity from both buyers and sellers compared to the subdued market at this time last year, continuing the momentum from the better-than-expected summer market.

“The certainty of a new Government followed by the first (Bank of England base rate) cut in four years invigorated the market, opening a window of opportunity for movers to act. “Some of this will be pent-up demand from those who had to hit the pause button until now. However, windows of opportunity tend to need a momentum of good news to stay open, and there are still uncertainties ahead which could cause some of the current market activity .