Is the property market slowing down or simply finding its balance? With more homes for sale, changing buyer behaviour and mortgage rates still high, here’s what the latest data means for Amber Valley homeowners👀
The property market continues to show resilience this spring, although buyers and sellers are now navigating a more balanced market.
According to the latest Rightmove House Price Index, the average asking price of a newly listed home increased by 0.8% (+£2,929) in April, taking the national average to £373,971 ⬆️
While prices are still rising, the pace of growth has slowed slightly, reflecting a steadier and more price-sensitive market overall.
Supply and demand – a changing market
One of the biggest shifts this spring is the increase in available homes for sale, giving buyers far more choice than they have had in recent years.📈
Buyer demand is currently around 7% lower than this time last year, although 2025’s figures were unusually strong due to stamp duty deadline activity.
This suggests the market is normalising rather than slowing dramatically.
Mortgage rates continue to influence buyers
Higher mortgage rates remain one of the biggest factors affecting affordability
Average two-year fixed mortgage rates are now around 5.42%, increasing monthly mortgage costs for many buyers.
As a result:
- Buyers are becoming more budget-conscious
- First-time buyers are feeling affordability pressures
- Buyers are taking longer to make decisions
Despite this, agreed sales are only around 3% lower than this time last year, showing that motivated buyers are still active.
What this means for buyers and sellers
For buyers, current market conditions bring:
- More choice
- Less competition
- Greater negotiating power
For sellers, realistic pricing is becoming increasingly important. Homes priced correctly from the outset are attracting the strongest interest and achieving better results🏡
Looking ahead
The market is expected to remain steady through the summer months, with modest price growth forecast across 2026.
While conditions may feel calmer than the fast-moving markets of recent years, there is still plenty of activity from committed buyers and sellers.