by Sam Akbay
What’s Really Happening in the Market?
The latest Rightmove House Price Index is out, and it brings a mixed bag of news for buyers and sellers across the country. Here’s a clear and concise breakdown of what you need to know this June.
Asking Prices Drop Slightly — But That’s Not the Whole Story
This June, the average UK asking price fell by 0.3% (£1,277) to £378,240. This might seem surprising — June usually sees a small price rise — but this dip follows strong growth in April and May. Sellers appear to be adjusting their expectations in response to:
Increased competition (more homes available to buyers)
Recent stamp duty changes, especially affecting higher-value homes
Buyers’ growing price sensitivity, especially with mortgage rates creeping up again
Despite this monthly dip, prices are still 0.8% higher than this time last year.
Sales Are Booming – Best Month Since 2022!
May 2025 saw the highest number of sales agreed since March 2022 — 6% up on last year. This shows that homes priced realistically and presented well are selling fast.
In fact:
Buyer demand is 3% up year-on-year
Homes for sale are 11% up, giving buyers more choice
But this also means sellers must price competitively to stand out
Regional Winners and Loser
Not all regions are performing the same. Here’s what we’re seeing:
✅ Prices rising in:
North West
Wales
Yorkshire & the Humber
These areas remain more affordable and less impacted by stamp duty changes.
⬇️ Prices falling in:
London
South East
South West
Higher-value areas are seeing more price drops and bigger increases in supply. Many sellers are adjusting prices to reflect new stamp duty rules and to compete in a crowded market.
London at a Glance
Some boroughs are still seeing price growth, while others are feeling the pinch:
Bexley: +2.1% monthly
Newham: +1.6%
Richmond upon Thames: +1.9%
But more expensive boroughs like Camden (-1.1%), Merton (-1.5%), and Kensington & Chelsea (-0.8%) saw falls this month.
What This Means for Sellers
With so many homes on the market, pricing your property right from day one is absolutely key. Rightmove data shows:
Homes that get an enquiry on the first day are 22% more likely to sell.
Great photos, clear descriptions, and honest pricing make all the difference.
What the Experts Say
“We’re seeing sellers become more realistic, responding to market feedback and stamp duty changes. That’s helping sales – especially where homes are priced right from the start.”
– Colleen Babcock, Rightmove property expert
“Buyers in popular locations like Cornwall and Devon are taking advantage of reduced guide prices and a fantastic choice of properties.”
– Josephine Ashby, John Bray Estates
First-Time Buyer Snapshot
The average first-time buyer home now costs £228,780. With mortgage rates sitting around 4.61%, many lenders are loosening their affordability rules — welcome news for those trying to get on the ladder.
Final Thoughts from Sam Akbay
At Sam Akbay Property Agency, we’re seeing the same patterns locally: buyers are keen, but value matters more than ever. If you’re thinking of selling, we’ll help you price smart, present beautifully, and sell with confidence — even in a crowded market.
Need advice on selling or buying in today’s market?
Get in touch with us today – we’re here to help you make your move.
