Prices usually decrease at this time of year but fall is greater than 20-year average owing to high mortgage rates, says Rightmove
The average asking price for a UK home has dropped by almost £7,000 this month as sellers became more competitive as they fought to find a buyer for their properties.
With prices expected to fall further in 2024, the property portal Rightmove has reported that the average new seller asking price fell by 1.9% month-on-month to £355,177. That is a drop of £6,966 compared with November.
