Keller Williams: Average house prices highest in spring
Average property prices in the UK tend to be at their highest in spring, reaching £245,000, according to research from Keller Williams.
This was followed by winter at £243,998, autumn at £240,000 and summer at £237,980, based off of analysis over a 36 month period.
House prices have reached highs since the start of the pandemic, as a shortage of supply and ever-increasing demand means homes are selling for large sums.
Ben Taylor, chief executive of Keller Williams UK, said: “The stamp duty holiday has spurred an incredible run of upward house price growth and despite many predicting a market slump, we’re yet to see any let up.
“Season trends suggest this could be the case for the rest of this year and much of next as the market tends to perform at its best during the autumn, winter and spring seasons.
“For buyers, this is difficult news to stomach, especially those who are hoping to move sooner rather than later.
“But it will no doubt be welcomed by sellers who should continue to secure a very good price when entering the market.”