Property Shock: Asking Prices Fall for the First Time in Over a Decade
It’s not often we see this — but the latest figures show average asking prices in the UK have dipped this June, falling by 0.3% to £378,240. Usually, this month brings a steady rise in values. This is the first drop in June since 2017 and a clear signal: the market is shifting.
📉 More Homes, More Competition
More sellers are listing their homes — 11% more than this time last year — while buyer demand has only nudged up by 3%. It’s a sign of growing confidence, but also of increased competition. Sellers can no longer afford to test the waters with an ambitious price tag. In this market, realistic pricing wins.
🗺️ What’s Happening Around the Country?
Some of the biggest price drops have been seen in areas like the South West (-1.6%), South East (-1.0%), and London (-0.9%), thanks in part to changes in stamp duty rules. Closer to home, the East Midlands is holding steady — and that includes us right here in Retford.
🔎 The Power of Day-One Interest
The data is clear: homes that attract strong interest as soon as they launch are 22% more likely to go under offer. That means quality marketing, beautiful photography, accurate pricing — and agents who know how to present your home properly.
🏠 What This Means for You
If you’re selling, now more than ever, it’s about standing out. That starts with working alongside an estate agent who understands the local market and knows how to position your home to attract serious buyers quickly.
If you’re buying, it’s a good time to start your search — there’s more choice and less pressure to rush. And when you find the one? We're here to help you make your move confidently.
🎯 Thinking of Selling or Buying?
Whether you’re just starting to think about moving or you’re ready to go, we’re here to help.
📍 Free, no-obligation valuations
📍 Book a viewing with ease
📍 Local, friendly advice — no pressure, no jargon
We're based right here in Retford, and we know what sells. Get in touch today — let’s make your next move a success.
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