March 2026 | Rightmove House Price Index
March’s Rightmove House Price Index shows a 0.8% rise in asking prices, with high supply keeping the market competitive. Buyers gain from choice and stable starter home prices, while sellers need realistic pricing to attract interest.
March has seen a typical seasonal uplift in asking prices, with the average new seller price rising 0.8% (£3,023) to £371,042. While growth is modest, this reflects the usual spring boost as buyers return to the market after the quieter winter months.
Despite the rise, the number of homes for sale remains at an eleven-year high for this time of year. High supply is keeping price growth in check, meaning sellers need to price competitively to attract serious buyer interest.
Early spring momentum: The start of the spring market has been steady so far. Sales agreed are just 2% below last year’s strong levels and 5% ahead of 2024, indicating resilience despite the new global uncertainty caused by the situation in Iran.
Buyer Opportunities in March 2026
For buyers, the outlook remains positive, with affordability and choice creating a favourable market:
- Regional variation is clear, with stronger annual price growth in the North of England, Scotland and Wales.
- Starter home prices have seen a slight annual decline, creating opportunities for first-time buyers.
- The steady flow of new listings – 3% behind last year but 7% above 2024 – gives buyers plenty of choice and stronger negotiating power.
Mortgage Market Insights
Mortgage conditions continue to influence the market:
- Rightmove’s daily mortgage tracker shows the average two-year fixed rate has risen to 4.51% from 4.24%, as lenders respond to global uncertainty.
- Affordability remains a key factor in this highly price-sensitive market, particularly for first-time buyers.
- Lenders are still offering competitive products, helping buyers navigate a market with high supply and modest price growth.
Looking Ahead: March Market Outlook
The spring market is off to a steady start. With plentiful choice and modest price growth, 2026 continues to offer opportunities for both buyers and sellers. Sellers who price realistically and market strategically are most likely to attract confident buyers, while buyers benefit from steady prices and abundant options.
What This Means for Buyers
With high supply, modest price growth, and slightly improved opportunities in starter homes, early 2026 is a good time to explore the market. First-time buyers, in particular, can benefit from stable prices and the chance to negotiate in a competitive market.
All the information in this update comes from Rightmove’s House Price Index. Click here to read the full report.
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