The UK property market is shifting once again — and this time, it’s the sellers who are feeling the squeeze. According to new data from Rightmove, asking prices for homes have seen an unusual dip this June, falling by 0.3% to an average of £378,420. This bucks the 10-year trend, where June typically sees a rise in prices. So, what’s behind this change — and more importantly, what does it mean for you?
Why Are Prices Falling?
In simple terms: more homes, more choice, more competition.
Rightmove reports that the number of homes coming to market is up by 11% compared to last year, while buyer demand has only increased by 3%. This growing gap means that potential buyers have more properties to choose from — making them more price-sensitive and selective.
At the same time, the temporary stamp duty cuts introduced during the pandemic have now ended, meaning higher transaction costs for buyers and tighter margins for sellers.
This all adds up to a buyer’s market — one of the most competitive in the last ten years.
“We’re now seeing the decade-high level of homes for sale, and the recent stamp duty increases in England have had a delayed impact on pricing,” says Colleen Babcock, a property expert at Rightmove.
What This Means for Sellers
If you’re thinking of selling your home right now, you’ll need to be strategic. Pricing your property competitively is more important than ever. In this market, properties that are overpriced are simply being overlooked. The days of “testing the market” at a premium price are behind us — at least for now.
At AAR Homes, we work closely with sellers to ensure their homes are priced right, positioned right, and presented right. Our quick, direct home buying service removes the need for endless viewings and uncertain timelines — no agents, no fees, no delays.
📍Looking to sell your home quickly and stress-free? Contact AAR Homes today.
What This Means for Buyers
While mortgage rates remain high compared to pre-Covid times, the cost of renting has also risen sharply in recent years. According to property experts, buying is now often cheaper than renting — especially for first-time buyers.
With 100% mortgage options back on the table and more properties available, this could be a rare window of opportunity for buyers looking to get on the ladder.
At AAR Homes, we help buyers find off-market opportunities and guide you through the purchase process from start to finish — especially if you’re looking for a fast, chain-free purchase.
🏠 Interested in buying directly from us? Get in touch here.
What’s Next?
The future of the market depends on several variables — interest rates, mortgage availability, and new government legislation such as the upcoming Renters’ Reform Bill, which is expected to shake up the rental market. But for now, one thing is clear: sellers must be flexible, and buyers may have more bargaining power than they realise.
Whether you’re looking to sell fast, buy smart, or simply explore your options, AAR Homes is here to help you navigate the changing market with confidence.
🔍 Let’s chat about your property goals. Book a call with us today.