The number of housing sales is rising, with the number of sales agreed per estate agent at this time of year running at the fastest rate for 4 years according to Hometrack.

Sales agreed in May 2025 are 6% higher than a year ago and there were 13% more homes for sale than last year.

Richard Donnell, Executive Director of Research, said: “Lower mortgage rates are supporting buyer demand and growth in sales against a backdrop of modest price inflation. Sellers and buyers need to adapt to local market conditions when listing homes and making bids”

The average UK house price is 1.6% higher than a year ago at £268,250, which is an increase of £4,330 over the year. Despite this rise the average home sale is currently being agreed at 3% (or £16,000) below the average asking price.

There are 21% more homes for sale in the South West compared to a year ago, with 17% more in London and 15% more in the South East. In contrast, there are just 3% more homes for sale in the North West and 5% more in Scotland than a year ago.