Rightmove.co.uk today announced its March House Price Index (HPI) showing that there has been a virtual showdown between the sellers and buyers with sellers only asking 0.1% more than previous. This minute rise, a mere £216, is the lowest rise ever recorded in March.

Other Key points:

• Up 5.3% over the year
  
• 2010 1^st quarter shows 3.7% gain (even through the extreme weather)
  
• New property supply is highest for 18 Months
  

“We still forecast some further rises in the first half of this year when buyers have picked over the newly marketed stock, though the small increase in March shows how much more unpredictable the market has become” Miles Shipside, commercial director of Rightmove.

Interestingly Rightmove.co.uk was the only organisation that reported a rise in House prices in their February HPIs, both Halifax and Nationwide showed a decrease (-1.5% and -1% resprectively)

For more information visit: www.rightmove.co.uk/news/house-price-index/march-2010-house-price-index

More from Just Do Property:

• Rightmove HPI: up 2.6% from previous month
• Rightmove.co.uk predict 7% fall in second half of year to wipe out gains since Jan 2010.
• Rightmove.co.uk HPI asking prices static with surge of new sellers
• Rightmove.co.uk HPI – “Price jump as agents scramble for Stock”
• Rightmove HPI: up 0.3%, inline with previous Statistics