Prices hit record high as properties sell at fastest pace ever recorded
April 19, 2021
- National average price of property coming to market hits a new all-time high of £327,797, following a 2.1% (+£6,733) monthly jump
- Encouragingly, 145,000 properties were newly marketed this month, but not enough to meet buyer demand:
- Number of sales agreed up by 55% on same period two years ago, reducing the stock of properties that are available to buy to the lowest proportion ever recorded
- Buying frenzy for new stock, with both the average number of days to sell a property reaching its lowest ever level, and the number of houses selling within a week reaching its highest ever level
- Mass market of two- and three-bedroom semi-detached homes selling fastest
- March saw time spent on Rightmove surpass two billion minutes in one month for the first time
- Although some of the froth is likely to come off the market later in the year once some government economic measures end, we expect activity to remain robust for the rest of 2021
A monthly price surge of 2.1% (+£6,733) has propelled new seller asking prices to a new record high, with the national average now standing at £327,797. This figure shatters the previous record, set in October last year, by over £4,000. The big jump comes as buyer demand sets another new record, chasing the lowest ever proportion of property available to buy. This is now the fastest-selling market that Rightmove has measured since our records began.
You May Also Enjoy
Money and Credit – November 2025
Key points: Net borrowing of mortgage debt by individuals increased to £4.5 billion in November, following a decrease of £1.0 billion to £4.2 billion in October. In November, net mortgage approvals for house purchase fell by 500 to 64,500. By contrast, approvals for remortgaging rose by 3,200 to 36,600 in November. Net borrowing of consumer…
Read More 
Seasonal slowdown sees rental demand soften in Q4
The latest research from Dwelly has revealed that just a handful of areas saw tenant demand for rental homes climb during Q4, as the wider market succumbed to its usual seasonal slowdown ahead of the Christmas break. Dwelly analysed rental market stock across England, looking at the proportion of rental properties listed on the market…
Read More 
Prime London buyer demand climbs in Q4
The latest Prime London Demand Index by London lettings and estate agent, Benham and Reeves, reveals that buyer demand across London’s most prestigious neighbourhoods climbed by 1.2% during Q4, driven by sharp increases across Chiswick, Regents Park and Maida Vale. The Prime London Demand Index by Benham and Reeves monitors demand for London’s most expensive…
Read More 
Top tips to make your home winter-ready for a successful sale
Following the festive period, many people turn their thoughts and attention to potential new year property aspirations. Traditionally, record numbers of people jump onto property-related websites after Christmas and into the New Year, so it’s a great time to consider marketing your home, knowing there are tens of thousands of extra people seriously considering a…
Read More 
Propertymark Annual Sales Price Report 2025
With housing being a fundamental need and playing a vital role in the UK economy, a strong housing market is a vital factor, this report examines the strength of the housing market and looks at average prices year on year. Headline figures The entire of 2024 vs 2025 The number of properties placed for sale…
Read More 
Lloyds reveals its 2025 housing hot spots
Plymouth property prices up +12.6% over the past year Hull joins the top 10, up +6.5%, and fresh from being named a 2026 ‘Best of the World’ destination by National Geographic Value of a London home dipped slightly (-0.1%) but remain the most expensive overall, averaging £574,514 Amanda Bryden, Head of Mortgages…
Read More