Buyers
09/07/2025
Rightmove recently published its August House Price Index, which looks back over the last month to analyse how the property market has been performing both regionally and across the UK. We’ve taken a look at this month’s stats to give you a quick overview of what to expect if you’re looking to buy or sell soon.
Buyers
According to Rightmove, it has been the busiest July for agreed sales since 2020, and we are expecting the rest of the year to be equally as busy. With the Bank of England cutting the base rate, there is also more optimism generally surrounding buying at the moment and Rightmove’s daily mortgage tracker is showing that the average two-year fixed mortgage is now at 4.49%, compared with 5.17% at this time last year. According to Rightmove, “This equates to a saving of £117 per month for someone taking out a two-year fixed mortgage on the average home, based on having a 20% deposit and spreading the mortgage over 30 years”. This is great news for buyers looking to make a move now.
For first-time buyers, the average affordability of two people buying together has mostly remained stable this month and is still sitting well above the average asking price for first homes. If you are looking to buy as a single buyer, the gap is also beginning to narrow further between affordability and the average asking price.
Sellers
Regionally, across Yorkshire & The Humber, the average time to find a buyer for your property is now 63 days from when you put your home on the market. This information is key for anyone looking to sell their home before the end of the year, as with an average of 63 days to secure a buyer, this means time is running out to list your home and still make a sale before the end of the year.
Looking at house prices throughout the region, on average, we have seen a slight dip compared with July with a price fall of 1.9%. However, this is still a small increase of 0.3% in comparison with this time last year. These price changes mean that it is more important than ever to price your property competitively when putting it on the market. Many sellers are still pricing too high currently, with 34% of properties for sale having been reduced in price.
If you are thinking about selling before the end of 2025, now is a great time to book an expert valuation of your property. You can easily book a valuation with us at any time online, by calling your local Robert Watts branch, or by popping in to see us in person.
With our three selling options, we’re here to help you sell in a timeframe to suit you.
Buyers
Buyers
