The average asking price of a house has reached a record high for the fourth consecutive month.
Rightmove said that the average price tag on a property this month is £367,501 - up from £360,101 in April.
In the past two years, the price has soared by £55,551 - compared with the £6,218 increase seen in the two years before the coronavirus pandemic.
Rightmove said that over 20 years of tracking property prices it had never before seen such frenzied market activity.
Tim Bannister, Rightmove's director of property science said: "What the data is showing us right now is that those who have the ability to do so are prioritising their home and moving, and the imbalance between supply and demand is supporting rising prices.
"Though demand is softening from the heady levels we saw this time last year, the number of buyers inquiring is ...
English (US) ·