The average cost of property coming to the U.K. market rose and was in line with historical trends in March as many sellers priced sensibly despite decade-high competition to sell, according to data from Rightmove.

The U.K. property website said the market saw increased buyer demand and the highest supply in years ahead of an impending tax increase, with the average price of property coming to the market for sale rising to 371,870 pounds (around $481,608). This represents a 1.1% or 3,876 pounds rise on average, in line with the long-term March average increase.