The average asking price for a British home has risen by nearly £3000 in September, according to research compiled by Rightmove.

It is said that the average asking price has reached £370,759, rising by 0.8% or £2,974.

While September generally does see an increase in house prices, the rate of 0.8% is double the long-term average.

Average asking price for UK home jumps by almost £3k in September

Tim Bannister, Rightmove’s director of property science, said: “The autumn action has started early with a strong rebound in activity from both buyers and sellers compared to the subdued market at this time last year, continuing the momentum from the better-than-expected summer market.

“The certainty of a new Government followed by the first (Bank of England base rate) cut in four years invigorated the market, opening a window of opportunity for movers to act.

“Some of this will be pent-up demand from those who had to hit the pause button until now. However, windows of opportunity tend to need a momentum of good news to stay open, and there are still uncertainties ahead which could cause some of the current market activity to ease.”

These uncertainties include the October Budget and the timing of another Bank of England base rate cut.

Rightmove also revealed that it takes up to 60 days on average for a newly listed home to find a buyer, three days longer than this time last year.

Mr Bannister added: “Homeowners who are thinking of coming to market soon shouldn’t let the increased activity make them over-optimistic and must price competitively to sell.

“With affordability still very stretched for many, choosy buyers are taking their time to browse the increased number of homes for sale and find the perfect home at the right price.”

Jason Dainty, co-founder of estate agent Hopkins & Dainty in Derbyshire, said: “We’re seeing more sellers coming to market, and overall we’re seeing some positive sentiment amongst both sellers and buyers.

“Well-priced and attractive properties are still selling quickly, even getting interest on the first day of marketing. However, the price has to be right – otherwise, they risk being ignored by prospective buyers.”