Average house prices climb as the market moves up from the bottom but 'time to sell' is now at its longest since 2019The average price of a newly marketed home jumped by more than £5,000 month-on-month in March, in signs that “we now seem to be past the bottom of the market,” according to a property website.
With buyer demand up 8 per cent compared to the same period last year, the property website said it was a sign “we now seem to be past the bottom of the market”. Other house price surveys have also seen “Despite the above-average price increases in this opening three months of the year, asking prices are still £4,776 below their peak in May 2023. For those who can afford to buy and have yet to take action to move this year, this may provide a window of opportunity to buy as we now seem to be past the bottom of the market.
, said: “Following three years of economic turmoil, Propertymark is hopeful we are now witnessing a positive trend towards increased prosperity in the housing market. For months, people have taken a hit on their property prices in order to find an affordable middle ground to enable a home move.