Rightmove: Asking Prices For UK Homes Show Biggest June Fall Since 2011
New seller asking prices dropped in June by 0.3% on average (down £1,277 in real terms), taking annual asking price house inflation to just 0.8%.
The changes, drawn from Rightmove data, take the average asking price across the country to £378,240.
A June asking price dip is unusual, but Rightmove says many new sellers are lowering their price expectations due to competition, with more properties coming to market. According to the property portal, the number of properties for sale is the highest for a decade.
Buyer activity appears resilient, fuelled by falling mortgage rates, increased choice and stable asking prices.
May saw the highest number of sales agreed in any month since March 2022, with the number also up 6% on 2024. Demand is now 3% ahead of this time last year, while the number of homes coming to market is 11% higher.
Regional variations remain pronounced. Previously over-heated markets in London/South East and South West, where average asking prices outstrip the national average, saw the biggest monthly fall.
Scotland saw the average price fall by 0.5% compared to April 2025, but was still up 1.7% year on year with the average price being £200,472. It is taking on average 31 days to find a buyer for properties.
Prices fell by 1.6% in the South West, taking the average new asking price to £391,885. They were down 1% in the South East to £492,538, while in London they dipped by 0.9%, taking average prices to £695,414, the highest in any region.
Asking prices in the North West, Wales and Yorkshire & The Humber regions have risen the fastest this month.
Prices in Wales rose 0.4% in June, taking the average asking price to £272,381. In Yorkshire & The Humber, prices rose 0.2% to an average of 258,839, while in the North West prices were up 0.9%, the highest monthly rise of any region, to £272,388.
Colleen Babcock at Rightmove said: “We’re now seeing the decade-high level of homes for sale and the recent stamp duty increases have a delayed impact on new sellers’ pricing. Prices have fallen after the records set in April and May.
“Agents have been telling us that sellers need to set a competitive price to have a better chance of finding a buyer, and it looks like many are responding to that message.”