The latest figures from the July 2025 Rightmove House Price Index reveal a significant summer shift in the housing market, offering both opportunity and challenge for sellers. With asking prices seeing their steepest July drop in over 20 years, it’s more important than ever to understand what’s happening nationally and how it impacts your local move in Wigan.
National Trends: The Headline Stats
- Average asking price down 1.2% this month, a drop of £4,531, bringing the national figure to £373,709
- Asking prices now just 0.1% higher than this time last year
- Sales agreed are up 5% year-on-year
- Buyer enquiries have increased 6% compared to July 2024
- Two-year fixed mortgage rates down to 4.53% (from 5.34% last year), saving the average buyer around £150 per month
- Rightmove has revised its 2025 forecast from +4% to +2%
What’s Causing the Shift?
Summer usually brings a softening of prices, but this year’s dip is sharper than usual. With stock levels at a decade high, buyers have more choice and are taking their time. Sellers are reacting by adjusting their prices to stay competitive.
Local Insight: What This Means for Sellers in Wigan
While London has led the price drops, especially Inner London (down 2.1%), other regions, including parts of the North, are faring better. The North East, for instance, saw a 1.2% rise in asking prices, signalling continued strength in more affordable areas.
At Alan Batt Estate Agents, we’re seeing a similar story play out locally. Well-priced homes are still attracting strong interest, but overambitious listings are getting overlooked. The key is to be realistic and strategic. We can help you price your property in a way that grabs attention and gets results.
Buyer Behaviour Is Shifting Too
With mortgage rates easing and wage growth improving affordability, more buyers are re-entering the market. Enquiries are up and sales are increasing, suggesting the market is still active, just more discerning.
Looking Ahead: What’s Next?
If expected interest rate cuts materialise, we could see a late-year bounce. That means autumn might be the sweet spot for both buyers and sellers looking to move before the end of the year.
Need Advice on Your Next Move?
Whether you’re thinking of selling now or preparing for autumn, we’re here to guide you through the local market with expert, honest advice. Our team understands the Wigan property landscape and how to position your home to stand out.
Get in touch with Alan Batt Estate Agents today to discuss your selling strategy or to get a free, no-obligation valuation.