Your Monthly Market Update!
As the summer begins to feel like a distant memory, here’s your essential RedRoots property market breakdown in September 2025.
Firstly, let’s look at homes for sales!
Listings and Supply, in a nut shell, it’s Still High, but it has softened slightly. There’s plenty of choice for buyers which means more competition for sellers.
The supply of homes for sale remains significantly above average, with the total of homes for sale up nearly 8% percent year to date, and 23.6 percent higher than the six-year average.
That said, August brought the usual seasonal dip in new properties for sale.
Compared to July 2025:
• New properties for sale on the market fell by 13.3 percent month on month.
This cooling off is typical for late summer and not unexpected.
• That said, the number of homes being listed for sale was down 4.2 percent compared to August last year
In terms of properties actually going SSTC, there was an August Dip but sales remain strong overall.
Sales agreed are up 6% year to date, staying above the long-term average.
August 2025, however, did see a bit of a slowdown:
• Sales dropped 8.9 percent month on month from July
• But this was still the strongest August since 2020
Buyers might have been pausing for holidays, but the underlying demand remains consistent.
Let’s talk pricing!
Prices are steady across the board in the UK. Year to date:
• New listing asking prices are up 0.3 percent
• Agreed sale prices are up 1.1 percent
August did bring a typical slight price dip:
• New listing prices fell 4.7 percent month on month.
- Of those properties going SSTC, the sale prices dipped 3.3%
There are Signs of Realism From Sellers across the UK
• Price reductions are up 15 percent year to date
• Fall-throughs have risen 10 percent year to date - an alarming statistic with those going SSTC but then back for sale.
• But sellers withdrawing their homes from the market dropped sharply in August – down a staggering 53.9 percent month on month
Overall this suggests sellers are adjusting expectations and sticking with their sales rather than pulling out.
🏦 Lending and Mortgages: Approvals Rising, Rates Easing
Affordability continues to improve gradually:
• Mortgage approvals rose 5.6 percent year on year, with July marking the busiest month since 2021
• First-time buyer activity surged 23 percent year on year, perfect for those lower end priced properties, which generally has a positive effect on the family home market as those looking to upsize should be achieving a good sale price for their home with the increased demand.
Completions - the magic name for those fortunate enough to collect the keys to their new home.
HMRC data shows 573,000 completions in the first half of 2025, this was 17 percent higher than 2024,
For the remainder of 2025, the market is on track to hit 1.18 million completed transactions – hopefully up 7% compared to 2024. More people moving home is generally a good sign for the overall economy.
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🧾 Headwinds: Policy Uncertainty and Long-Term Supply Pressures
There are a few potential clouds on the horizon:
• Speculation continues around potential property tax reforms, including stamp duty changes and capital gains tax changes
• Whilst Inflation is at 3.8 percent, and wage growth is 5 percent, showing improved affordability.
• However, unemployment is ticking up, and housebuilding is at a 10-year low, which could create long-term supply challenges
Closing thoughts:
It feels like we are in a Cautious but overall Active Market
The theme for this summer? Resilient but value-driven.
• Buyers are active, but more price sensitive than ever
• Realistic pricing leads to faster sales and faster sales increasing the chances of completions becoming a reality.
• Sellers who quickly adapt to current market conditions are seeing success however those leaving adjustments for too long are paying a price either in terms of average sale price agreed and a reduced chance of a successful completion.
While short-term uncertainty (especially around tax changes in the upcoming November Budget) may cause hesitation, the broader fundamentals remain healthy.
This is a market that rewards preparation, pragmatism, and proper advice.
👋 Need Advice on Your Next Move?
Whether you are buying, selling, or just planning ahead, the RedRoots team is here to guide you. We combine national insights with deep local knowledge to help you make smart property decisions. With local expert agents across Doncaster, Wakefield, Pontefract and Huddersfield we are well positioned to help those across South and West Yorkshire.
➡️ Come by the RedRoots Hub at Nostell Business Estate or get in touch with our team for tailored property advice regarding your personal circumstances.
