However, two cities bucked the trend - Glasgow and Edinburgh - where properties sell at [pounds sterling]6,510 and [pounds sterling]14,351 above asking prices
The smallest annual percentage increase was recorded in Wales, where average asking prices
have edged up by 0.6% or [pounds sterling]981 over 2015 to reach [pounds sterling]163,453.
Across England and Wales, sellers' asking prices
are now 6.8% or PS16,251 higher than they were a year ago and in London they have seen annual growth of 11.3% according to the website, whose records go back to 2002.
The current average asking price
is 2% up on August 2007, the month before the run on Northern Rock, but is an average of 13% lower in real terms when compared to retail price inflation over the same period.
Greater competition to attract buyers amid "muted demand" has prompted the largest July fall since 2008 when asking prices
A six-story apartment building at 31 Ocean Parkway in Brooklyn is on the market with an asking price
of $13.75 million.
Buyers need to be well equipped before they even consider making an offer - remembering that the seller's asking prices
are often unrealistic, claims the Homebuyers' Guide estatesforum.co.uk.
Unlike in the residential market, it is common for buyers in the senior housing marketplace to offer less than the asking price
. Buyers reason that they will never know if you will accept less than your asking price
unless they ask, and so it is rare for an initial offer to be at your asking price
Obviously, when making a bid, you shouldn't pay the asking price
. "The asking price
is a starting point," says broker Mike Teer.
As well as Wales, new average asking price
records were reached in three regions across the border this month - the East Midlands (PS230,462), the North West of England (PS200,744), and Yorkshire and the Humber (PS194,581).
Across Britain, the average asking price
is PS308,290 - PS2,841 or 0.9 per cent higher than in April, according to the figures from Rightmove.
NEARLY two in every five homes on the market have had their original asking price
cut - with Newcastle among the areas with the biggest price drop - according to new research.