15/06/2026
The latest House Price Index Data has just been annouced and the headlines are......
House prices have fallen by 0.6% (-£2,113) this month to £376,191. This is the biggest June price drop in fourteen years.
Summer is typically slower than the spring and has been kick-started early by the heatwave this year, with buyers distracted by sporting events, holidays and better weather.
The average two-year fixed rate has dropped to 5.07% from 5.18% last month, reducing the average monthly mortgage payment by around £30.
Sales activity remains steady though:
May’s unusual heatwave kick-started summer earlier than usual this year, and the World Cup may prove to be a summer distraction for home-movers. In addition, economic challenges and global uncertainty continue.
Demand from buyers in May was down 10% compared to last year, but is still largely in line with what we’ve seen so far this year. Higher mortgage rates are continuing to affect activity, while the wider choice of homes for sale is encouraging buyers to take a less urgent approach unless a property really stands out on its price or presentation.
Despite these challenges, sales activity remains steady overall. The number of sales agreed are down 6% compared with last year, but are broadly in line with recent years, almost the same as 2024 and 5% above 2023.
I always maintain there is a buyer out there for everyone, the key finding them is simply pricing and marketing.
The average time to find a buyer is now down to around 60 days (8-9 weeks), beyond this then your listing could go stale.
If you're struggling to sell and would like a simple assessment of your current marketing material and valuation, then please do reach out for a no obligation chat - I got you!!
☎️ 01889 221348
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🌎 https://www.ewemove.com/estate-agents-and-letting-agents/branch/utoxettercheadle
