June 2025 Property Market Insights

Welcome to the June edition of Property Market Insights from Hoopers Estate Agents in Neasden. Staying updated on the property market is essential if you're considering selling or buying in North London. We're here to provide you with the latest insights! We've gathered information from top industry sources to present a clear picture of what's currently happening in the UK housing market.

House prices: Stability, not surge

According to Halifax, the average UK house price is now £296,648, with a slight dip of 0.4% in May after a small increase in April. The annual growth has slowed to +2.5%, yet it still adds over £7,000 compared to last year's home value.

This points to a market holding steady rather than taking off, balanced between economic uncertainties, cautious buyers, and a rising number of properties.

Asking prices: Highs with caution

Rightmove shares that sellers remain confident as asking prices hit a record high of £379,517 in May, marking a 0.6% increase (+£2,335). Yet, this is the smallest May rise since 2016, indicating growing competition and the importance of being price-conscious.

This month's modest price rise is a sign of a market that supports buyers.

Supply is rising—And so is buyer caution

Both Rightmove and Zoopla report a surge in new property listings, with stock levels increasing 14% and 13% year-on-year, respectively. On average, estate agents now hold 35 unsold homes, a decade-high figure.

With more options, buyers are taking their time. Zoopla notes that average selling prices are £16,000 (3%) below asking, while Rightmove cautions that overpricing may lead to properties being bypassed.

Buyer behaviour: Recovering from April dip

April saw a 4% drop in new buyer demand, partly due to the Stamp Duty surcharge. However, early signs from May indicate a rebound in interest. Nationwide points out that underlying conditions remain supportive, with lower mortgage rates providing a boost.

Sales activity: Showing resilience

Although April faced a slowdown, sales volumes are bouncing back.

• +6% year-on-year sales agreed in May, the highest in four years (Zoopla)

• +5% rise in sales agreed over last year (Rightmove)

However, Halifax reports a sharp 63.5% month-on-month decrease in property transactions for April, likely linked to a March surge before Stamp Duty changes.

Conclusion: Steady with challenges

The housing market is stable but facing pressures. A flood of supply empowers buyers, while steady price movements mean no one side dominates. Sellers should price realistically and partner with savvy agents. Buyers may find both opportunity and leverage in the months ahead.

We'll continue to stay on top of this and keep you updated with the latest.
 

Are you moving home in North London?

Please get in touch with the team for a more localised property market review of your specific postcode. Hoopers Estate Agents has been selling homes in Neasden and the surrounding areas for over 40 years and would be delighted to assist you.

Get in touch today on 020 8450 1633. Click here for a free, instant online valuation of your home.
 

Note: This information is based on data up to June 2025 and may change. Always seek professional advice tailored to your specific situation.