Rightmove Vicky Shaw News Today

The spring price bounce has quickly turned into an earlier-than-usual summer slowdown, Rightmove said.

The typical asking price for a property coming to market has increased by £6,647 or 1.8% month-on-month to reach £372,894, Rightmove said.

The property website said it has seen some improvements to squeezed supply levels this year.

There are signs of a reduction in people making coronavirus pandemic-driven lifestyle changes, Rightmove said.

The website said it is the smallest increase it has recorded between January and February, in records going back to 2001.

January’s increase in the average asking price for a home followed two months of falls, according to the property website.