June, 2025
According to Rightmove House Price Index, The average price of property coming to the market for sale rises by 1.1% (+£3,876) this month to £371,870,
which is in line with the long-term March average increase. It shows that many new sellers are pricing sensibly, rather than getting carried away with over-optimistic pricing that is often associated with the traditionally buoyant Spring market. Highlighting the importance of the typically busy March market, Rightmove’s research shows that historically, February and March are the best months to come to market for sellers. This is based on the highest proportion of homes listed in these months going on to find a buyer. However, new Spring sellers may find it more
challenging this year, as they are competing against a decade-high number of other sellers. New Spring buyers on the other hand, are looking at the best choice of properties for sale at this time of year since 2015. This is some
consolation for these new buyers who won’t benefit from the current additional stamp duty savings in England, and who face higher tax charges from April.
According to Nationwide House Price Index, UK house price growth remained stable in March at 3.9%, the same as in February. There was no change in prices month-on-month, after taking account of seasonal effects. These price trends are unsurprising, given the end of the stamp duty holiday at the end of March.
The market is likely to remain a little soft in the coming months since activity will have been brought forward to avoid the additional tax obligations – a pattern typically observed in the wake of the end of stamp duty holidays.
Activity is likely to pick up steadily as the summer progresses, despite wider economic uncertainties in the global economy, since underlying conditions for potential home buyers in the UK remain supportive.
House prices in Solihull have an overall average of £398,418 over the last year.
The majority of properties sold in Solihull during the last year were semi-detached properties, selling for an average price of £381,993. Flats sold for an average of £180,825, with detached properties fetching £714,230.
Overall, the historical sold prices in Solihull over the last year were 4% up on the previous year and 4% up on the 2022 peak of £381,415.
Houses in the region are taking on average 69 days to go under offer, from the 78 days we saw in January.
Historic averages show that this March is likely to be one of the strongest months of the year for selling your home, however with more houses coming to market, there will be more competition. It is important that in this market, sellers work closely with their agents to get the marketing accurate, which might mean sensible prices for properties.
Even though the deadline is over, Solicitors will still be overloaded with the back log of 575,000 houses that are currently still going through the conveyancing process. An increase in tax may result in buyers reducing their offers on properties they have currently going through the conveyancing process, or could impact what they are able to afford for their next new home this year.
If you are interested to know what your property is worth, please click here to book a market appraisal. Alternatively, call the office on 0121 430 4448 or email enquiries@hshomesofsolihull.co.uk
