June's House Price Index: demand for homes is still high

The Rightmove House Price Index highlights that the housing market is settling down after the chaos of the pandemic years. Agents across the UK report that demand for homes is still off the charts, with plenty of people determined to find their perfect property this summer.

In the past couple of weeks, despite the negative press coverage (much of which presents a false picture of the market), there’s been a whopping 6% increase in the number of people looking to buy compared to 2019.

Homes priced accurately are in high demand, attracting the attention of eager buyers. It’s clear we’re going through a transitional phase from the unsustainable price rises post-pandemic. At Redbrik, we’ve got more buyers than available homes, and those standout properties? They’re creating a buzz, with people lining up for a chance to call them their own.

If you’re looking to buy, although mortgage rates have increased, don’t let that discourage you—the demand from buyers like yourself is still going strong. Be prepared to act fast and work closely with an estate agent to stay ahead of the game for those new listings coming to the market. Stay flexible, keep an eye on market trends, and be ready to pounce when you find your dream home - so make sure you have your mortgage agreement in place (top tip: use a reputable local broker).

If you’re thinking about selling, it’s time to get in on the action and make the most of the current market! While asking prices have slightly dipped, albeit only by £87 on average, this month, don’t panic; it’s just part of the typical summer cycle. The press hype is not accurate.

Yes, you need a strong and proactive agent, but the good news is that buyer activity and demand are still strong. So set your price competitively from the start and ensure you have proactive marketing to get the attention of those eager buyers.

At Redbrik, we can guide you through the process, market your property effectively, and negotiate on your behalf. Remember, homes in popular areas are still selling fast, so seize the opportunity to showcase your property’s unique appeal and take advantage of the favourable selling conditions. With Redbrik SecureMove you’ll be well on your way to completing your home move.