Prices fall though likely more due to holidays than rate rises!

Price of property coming to the market sees first fall this year, down 1.3% in the month to £365,173 (-£4,795): Source Rightmove Monthly House Price Index

Prices usually drop in August, and this 1.3% drop is on a par with the average August drop over the past ten years
Summer holidays are taking priority and some new sellers are pricing more competitively to secure a buyer quickly, to beat the lengthy average time to completion and move home before Christmas
To read the latest Rightmove Monthly House Price Index, please click here

SOURCE: Rightmove

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Rightmove - "New record asking price with resilient activity despite stamp duty increase"

The market continues to demonstrate resilience with buyer enquiry and new seller numbers remaining ahead of the same period in 2024. Despite decade-high choice for buyers, the average property price increased 1.4% (+ £5,312) this month. This is ahead of the average April increase and sets a new record of £377,182.

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