Rightmove says demand from buyers up 5% with caution detected only among would-be sellers at top of market
The average asking price for a UK home remained near its record high in June, with the housing market maintaining its “2024 momentum” across much of the country, according to the latest figures from the property website Rightmove.
The UK’s biggest property listings website said the average price of homes coming to the market over the past four weeks was £375,110 – just £21 less than in May, when average prices had posted a new high.
It said agreed sales were up by 6% year-on-year and demand from buyers was up by 5%.
The website said price trends had differed across the country, with the strongest price growth this month seen in the less expensive, more northerly regions. By contrast, the higher-priced east of England and London regions recorded this month’s only price falls.
In a survey of 14,000 people by the website, 95% of those who were planning to move home said the imminent general election would not change their plans.
Rightmove said the only area in which it had detected some possible caution among would-be sellers was at the discretionary top end of the market.
In the two weeks since the surprise election announcement, the number of top-end sellers coming to market was 3% lower than a year ago, while in the previous two-week period it had been 11% higher than in 2023.
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