September Rightmove House Price Index

This month’s Rightmove House Price Index shows a 0.8% rise in asking prices to £370,759, as early autumn activity picks up. Sales agreed are up 27% from last year, driven by better mortgage rates and increased property choice.

With autumn just around the corner, we’re seeing a boost in property market activity. Movers are jumping at the chance to make a move, as highlighted in Rightmove’s September House Price Index.

Early Autumn Action

This September, we’ve seen a 0.8% rise in average asking prices, bringing the national figure to £370,759. Typically, we expect a slight price rise at this time of year, but this increase is double the usual September average. This jump reflects a busier-than-usual market, with buyers and sellers acting quickly as mortgage rates trend downwards and more properties hit the market.

Buyer and Seller Confidence

Buyer demand is on the up, with sales agreed up by an impressive 27% compared to this time last year. Homeowners are also more confident, with 14% more new sellers coming to market, and the number of homes for sale per estate agent reaching its highest level since 2014.

Mortgage Rates and Market Caution

Despite the positive activity, the market remains cautious. While the average 5-year fixed mortgage rate has dropped to 4.67% (down from the July 2023 peak of 6.11%), it’s still nearly double what it was three years ago. Buyers are taking their time, with it taking an average of 60 days to find the right buyer, slightly longer than last year.

Outlook for the Coming Months

As we look ahead, all eyes are on the Autumn Statement in October, with the potential for further rate cuts that could influence the market. For now, the window of opportunity is open, but buyers and sellers will need to stay tuned for any changes on the horizon.

For more insights, check out Rightmove's House Price Index.

Connect With Us

If you have any questions about the contents of this blog, get in touch with us. Or if you’d like to book a property valuation for your home, you can do that here.

Get in touch with us

First Name

Last Name

Your Email Address

Mobile Phone

Are you looking to

Buy

Sell

Rent

Let

Please enter message here

Please confirm that it is okay for us to contact you about this information as well as our products and services. By confirming, you also agree to the use of cookies to enhance your experience. (You will always have the right to unsubscribe or manage your cookie preferences at any point in the future.)

Confirm

A Price Drop Won’t Transform Your Property Listing - #SorryNotSorry

Are You Googling Things Like: “Should I reduce my asking price?” “Why isn’t my house selling?” “How to sell my home faster without dropping the price?” If so, you’ll be one of many. But before you agree to a reduction, let’s look at what else might be holding things back.

CLICK HERE >

Blackwater’s Property Market Now Worth £1.198 Billion

As we hit the third week of December, the Blackwater property market does slow down ready for the big day. It’s at this time of year, I like to work out the total value of every home in Blackwater, and how that value has changed since 2010 (as that was the bottom of the market after the Credit Crunch).

CLICK HERE >

Tadley FTB Homes Are 22% More Affordable Than 18 Years Ago.

If you listened to the doom merchants, you would think first-time buyers (FTB) in Tadley had no chance at all. According to the loudest voices, buying a first home is impossible, the ladder has been pulled up, and the only people who buy their first homes today are lottery winners or those with wealthy parents.

CLICK HERE >

Blackwater FTB Homes Are 22% More Affordable Than 18 Years Ago.

If you listened to the doom merchants, you would think first-time buyers (FTB) in Blackwater had no chance at all. According to the loudest voices, buying a first home is impossible, the ladder has been pulled up, and the only people who buy their first homes today are lottery winners or those with wealthy parents.

CLICK HERE >