By Marcus Leach

With fewer properties on the market, according to property website Rightmove, house sellers are pushing up asking prices for the third consecutive month.

Rightmove's House Price Index showed that asking prices rose by 2.4% in the past year to a UK average of £246,235. However, they have also warned that a fresh burst of new listings of properties for sale could now see asking prices slip back.

"While the national average price of property coming to market has set new records in each of the last three months, sellers should not break out the bunting in celebration until they have done their homework," said Miles Shipside, director at Rightmove.

"It remains a very local market ruled by property style and location. Cutting your asking price to be cheaper than your competition and promoting your selling points better will be the key to avoid being an also-ran in the race to sell."

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