Lowest annual increase since 2013 gives warning to over-pricing sellers

• Annual rate of increase lowest since April 2013 at +2.3%, though overall demand remains strong: 
• Rightmove traffic at record January levels, with visits up 3% on January 2016’s buy-to-let boosted period  
• Investor sectors understandably quieter than this time last year on number of properties coming to market and number of properties sold
• Slower rate of price increases makes it riskier for sellers to over-price their property:
• Analysis shows sellers are 40% more likely to sell if priced right when they first come to market 
• Three quarters of agents¹ surveyed by Rightmove report price-sensitive markets with buyers reluctant to enquire if property is priced just a few percent too high
• Price of property coming to market up 2.0% (+£5,986) this month, the smallest price rise at this time of year since February 2009