At JW Woods, our monthly House Price Index provides a real-time view of property prices, market trends, and the opportunities they create for buyers and sellers alike. With the autumn selling season in full swing, now is one of the busiest times of the year for the property market. This period, nestled between the summer holidays and the festive season, sees a surge in buyer interest and movement. Many individuals and families are looking to finalize a move before the holiday season, making this the ideal time to assess your options.

This autumn, the property market has shown increased stability and favourable conditions for buyers. Compared to the post-pandemic rush, where demand far exceeded the available housing supply, today’s market is far more balanced, with a wide array of homes to choose from and competitive pricing. For those considering a move, this means buyers can take their time, weigh their options, and find the perfect home at a fair price.

If you’re planning to make a move, it’s worth knowing that the current market dynamics are creating ideal conditions for buyers. Here are five reasons why today’s market is particularly favourable for prospective homeowners. Each trend points to increased options, greater affordability, and more time to find a home that aligns perfectly with your needs.

Here are five reasons why the market conditions are especially favourable for buyers right now.

1. Steady, Buyer-Friendly Price Growth

House prices have seen a modest increase of just 0.3% this October, reaching an average of £371,958, well below the typical 1.3% rise for this time of year. Compared to last month’s 0.8% increase, this slower price growth is excellent news for buyers, keeping affordability within reach. For those interested in finding out how their property measures up, our online valuation tool and expert local agents offer quick, accurate estimates.

2. Competitive Pricing for Sellers Creates Opportunity

With increased choice, sellers are now listing homes at competitive prices to attract serious buyers. Many sellers are proactively pricing with precision to avoid price reductions later. For buyers, this means a market filled with fairly priced properties and motivated sellers—making it a win-win for both sides.

3. More Properties on the Market: 12% Higher than Last Year

There is now 12% more inventory available than there was a year ago, offering buyers more options than we’ve seen in nearly a decade. In fact, the average number of listings per agent is the highest since 2014. With this abundance of choice, buyers can explore various options and find homes that truly fit their needs. The extra inventory also means sellers are competing for attention, giving buyers an excellent selection to choose from.

4. Increased Time on Market Empowers Buyers

Homes are now taking an average of 61 days to sell, slightly up from 60 days last month and 59 days in August. This extra time enables buyers to carefully consider properties, review options, and make confident decisions. This shift marks a refreshing change from the fast-paced markets of recent years, empowering buyers to be discerning as they search for their ideal home.

5. Eased Affordability Pressures

While affordability pressures remain, there are some positive shifts for buyers. First-time buyer mortgage payments, though currently averaging £350 more per month than in 2019, have dropped by £150 from last year’s peak, providing some relief. And while energy costs are still a factor, the housing market remains robust. Some buyers may await the government’s Autumn Budget for potential further support and interest rate clarity, but many are actively moving forward with their plans.

Positive Outlook for 2025

“While some buyers are pausing for the Budget’s expected announcements, the overall market activity remains high. The market’s strength going into 2025 looks promising, particularly with anticipated cuts in interest rates that could rejuvenate affordability for buyers.” The upcoming Autumn Budget and potential Bank of England rate adjustments are likely to further shape market optimism, paving the way for a dynamic housing landscape next year.

This autumn season offers a unique opportunity for buyers in a market rich with choice, steady pricing, and improving affordability. At JW Woods, we’re here to help you make the most of these favourable conditions—whether you’re buying, selling, or just exploring options.

Adapted from Rightmove