House Price Changes in June – a Quick Round-Up
As we step into July, it is time for a closer look at how the housing market performed last month.
To do so, Rightmove’s June House Price Index offers a useful lens into the latest trends, and at Allen Goldstein, we’re here to translate the data into insights that matter for homeowners, buyers and sellers alike. Here’s everything you need to know.
What Happened in June?
As we move into the summer, June has brought a rare dip in new seller asking prices.
According to Rightmove, the average asking price fell by 0.3% (£1,277), bringing the national figure to £378,240.
This decline is particularly unusual for June, when prices typically remain stable or edge upward. The drop reflects a market where sellers are responding to a decade-high level of competition and the need to price realistically to secure a buyer.
Pricing Smart in a High-Supply Market
The volume of homes coming to market has risen by 11% compared to this time last year, giving buyers more choice than at any point in recent memory.
While this is encouraging for those on the hunt for their next home, it places greater pressure on sellers to set competitive prices from day one. Rightmove’s data shows that homes receiving an enquiry on their first day of marketing are 22% more likely to find a buyer than those left waiting more than two weeks.
With the number of sales agreed now at its highest level since March 2022 and 6% higher than June 2024, it’s clear that motivated buyers are still out there. However, they are more price-sensitive than ever.
In general, properties that are well-presented, correctly priced and marketed effectively are the ones driving these strong sales figures.
What This Means for Buyers and Sellers
The message from the market is clear: sellers who adapt quickly and price their homes realistically are reaping the rewards. Buyers have more choice and stronger negotiating power, but properties marketed well and priced right continue to attract serious interest.
Whether you’re buying, selling or letting, aligning your strategy with current conditions is essential.
How Allen Goldstein Can Help
As always, Allen Goldstein is here to offer clear, practical advice.
Whether you’re stepping onto the ladder or looking to let a property, our team is ready to guide you every step of the way. Get in touch today to find out how we can help you make your next move with confidence.
Or send an email to enquiries@allengoldstein.com or call 020 7183 4101
