Rightmove’s latest data shows the housing market slowing in October, with average house prices rising just 0.3%, well below the ten-year October average of 1.1%. Year-on-year, prices dipped 0.1%, bringing the national average asking price to £371,422.

Autumn usually brings a boost in activity as the market recovers from quieter summer months. However, the supply of properties for sale has surged to a ten-year high, putting downward pressure on prices. Some potential sellers are also hesitant to commit ahead of the upcoming Budget, creating further caution.

Colleen Babcock of Rightmove commented:  “Despite the overall resilience of the 2025 housing market, we’ve not seen enough pent-up momentum or recent positive sentiment to trigger the usual autumn bounce. Sellers serious about selling have had to moderate their price expectations.

Speculation that the Budget may increase costs for buying or owning property at the higher end has also led some movers, particularly in the south, to adopt a ‘wait and see’ approach.”

Rightmove noted that in September, both new buyer enquiries and new listings were down 5%. Yet, year-to-date, the market shows resilience: agreed sales are 5% higher year-on-year, while new buyer demand is up 2% and new sellers up 5%.