Rightmove recently announced that its visits so far in January over nine per cent higher than the same period a year ago, with an average of over four million visits each day.
The company adds that average asking prices are up 0.7 per cent over the past month - a very similar figure to the 0.6 per cent recorded in January 2017 and with an almost identical number of properties coming to the market.
However, it warns that buyers are still price-sensitive with the number of sales agreed in the last quarter of 2017 down 5.5 per cent on the same period a year earlier.
“Considering some of the gales that buffeted the market in the latter part of 2017, these early readings for 2018 show that there is currently a good following wind of search activity. To keep this year’s initial buyer momentum with you rather than against, serious sellers should note that all regions are currently selling at a slower rate than a year ago, indicating choosier buyers” cautions Miles Shipside, Rightmove director and housing market analyst.
The annual rate of price increase in newly-marketed property is 1.1 per cent, but Rightmove says in some regions prices are running between four and six per cent higher over the year.
Only London is recording a year-on-year fall - by a substantial 3.5 per cent.
While the 0.7 per cent increase in asking prices of property coming to market this month is very similar to the 0.6 per cent of the same period a year ago, both years are well behind the average monthly rise of 1.9 per cent seen at this time of year in the faster-rising markets from 2013 to 2016.
Read more here