Average asking price for home in Great Britain hits new high of almost £380k

This is the fifth consecutive year in which asking prices have reached a record level in May, a time of year when the market is usually at its busiest. Photograph: Peter Titmuss/Alamy

The average asking price of a home in Great Britain has hit a new record high for the second month in a row, with sellers seeking almost £380,000 on average in May, according to a property website.

Across England, Scotland and Wales, the asking price for homes coming on to the market has risen by £2,335 or 0.6% in May compared with April, Rightmove found. This took the average asking price to a new record of £379,517, after a previous record was set last month.