Average asking prices were up 1.3% in May, 0.7% on the year. Among new sellers, the asking prices reached a three year high, their highest level since June 2008. Meanwhile, this year's festival of bank holidays has resulted in substantially fewer properties coming onto the market, perhaps helping prop up prices (although average unsold stock still managed to rise slightly). Download the actual report in pdf form by clicking this.

Technorati Tags: property, real estate