House prices in England and Wales remained flat in August 2025 compared to the previous month, although they did fall by 2.8% compared to a year earlier, according to Acadata’s latest report.

Rob Owens, Head of Research at Acadata, said: “Prices remain 2.8% below their level a year ago and are now at their lowest since late 2021. A surge in new listings has contributed to this softening, even as underlying sales activity shows signs of improvement.

“Property transactions in July returned to typical levels, with over 94,000 completions recorded— broadly in line with the 12-month average. This marks a recovery from earlier distortions in the market caused by changes to stamp duty, indicating that transactional momentum is gradually rebuilding.

“Lower mortgage rates have supported demand, but uncertainty around future rate cuts and potential property tax reforms—particularly affecting higher-value homes—continues to weigh on sentiment. Wales may outperform England in the near term, but overall, the market remains delicately balanced heading into the autumn.”

The North East was the only English region where prices are still stronger than both the previous month and a year ago, with increases of 0.5% and 0.1% respectively.

The South East saw the biggest fall on an annual basis with a 3.9% drop in prices, whilst Yorkshire and the Humber fell the most on a monthly basis, with a 1.7% drop.