July housing market busiest since 2020

Buyers gain more choice as July sales rise and asking prices fall.

Estate agents enjoy their busiest July in five years

Rightmove reports 8% more sales agreed in July 2025 than July 2024, making it the busiest July for sales since 2020 when demand surged after lockdown.
Buyers have been drawn by price reductions as sellers try to stand out amid a glut of properties on the market. The average asking price of new properties listed on Rightmove has dropped 1.3% this month to £368,740, marking a summer decline of about £11,000. The biggest price falls have been among higher-priced homes, above £650,000.

The data shows a market in transition rather than a crash. A wider choice and lower prices give buyers negotiating power, but mortgage rates and lending criteria still shape what is affordable.
For sellers and agents, price discipline and speed matter more than ever as supply remains elevated. Policymakers may see affordability pressures rise as a continued test for housing stability.

Highlights

Markets shift as rates move and markets adapt