Editor's note: This brief was summarised by The Property AI Newsroom from a report by Property118. Read the original article for full details.
Autumn bounce: buyer activity picks up as asking prices rise 0.7%
Buyer activity has bounced back from August into September, according to Property118's report on Rightmove's latest House Price Index, despite ongoing mortgage market volatility.
Average newly listed asking prices rose by 0.7% (+£2,441) this month to £367,440, the first monthly increase since May.
A seasonal signal
Property118 reports that September's above-average price rise for this time of year could be an early sign of the usual autumn market pattern returning.
What this means for agents
For letting agents and inventory clerks, the reported pickup in buyer activity from August into September suggests renewed movement in the sales market heading into autumn. The source data is limited to the headline price figures, so agents should read the original Rightmove House Price Index coverage for full detail on regional trends and activity levels.
Source: Property118