The average asking price of property coming to market in England increased by an average of 1.9% (+£6,266), compared to March before the housing market was put on hold, according to the April edition of the Rightmove House Price Index. Rightmove also claimed buyers are paying 97.7% of the asking price on average, an improvement from 96.6% for sales in February.
Estate agents have secured 40,000 sales subject to contract since the market reopened in May, Rightmove reported, but it added that 175,000 sellers are still missing from the market.
Analysis by the portal said there have been record visits to the website from potential buyers on 6 June while the number of home movers emailing and calling agents via Rightmove in England hit a new high on 8 June.
According to Rightmove this has helped the market to recover from sales agreed being down 94% annually when the market closed in March, to a 36% decline between 13 May and 4 June.