Property asking prices up in April
Rightmove's latest property survey reports that average asking prices of homes advertised on the site rose for the fourth month in a row in April, up 2.1% so far to £244,706. The number of properties on the market in April was 28,179, down 4% on the same month last year. Rightmove also reported that the gap between the sums that sellers were asking and buyers were willing to pay had narrowed and that properties were now spending an average of 73 days on the market, about 10 days less than in April last year. Comparing its asking price figures with the price houses are selling for, recorded by the Land Registry, Rightmove said the gap had narrowed from 3.39% in December to 2.95%.
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