Are sellers asking for too much?
SELLERS have pushed their asking prices up this month to the highest level for nearly three years.
Rightmove say that asking prices for property new to the market now average £238,874.
Asking prices are now only marginally (1.5 per cent or £3,626) below their all-time high recorded at their peak in May 2008.
However, more properties are failing to sell and average unsold properties per branch rose from 74 to 76 in the last month.
Rightmove’s Miles Shipside says: “The increase in agents’ property stock levels, combined with a reduction in the number of properties coming to market, suggests that the number of buyers has fallen even faster than the number of sellers.”