Overview for England and Wales

Rightmove’s November 2017 market report highlights the 'Autumn sale' trend amongst both new-to-market and existing sellers, as one in three properties listed on the portal are now asking for a lower price than when they first entered the market.

The new to the market sellers have reduced the asking price by ‘an overoptimistic’ 0.8% - comments the Rightmove.  Based on the last month sold properties on Rightmove, the average reduction (the difference between the fist marketing price and the current asking price) is 6.3%.

Overview for London

​ Four in ten, or 43% of London sellers with properties currently available have dropped their asking prices at least once since coming onto the market - the highest proportion at this time of year since 2010.

New sellers are lowering their asking price of property coming to market this month by a modest 0.2% (-£1,392)

 

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Average asking prices London

​The index monitors changes in house prices both annually and monthly, providing a comprehensive view on the current state of the property market in England and Wales. The index is based on circa 90% of newly marketed property advertised on Rightmove.



See the full report here: Rightmove House Price Index November 2017