Insight: The Housing Market - June 2025

This month’s Halifax House Price Index shows a small dip in the national market, while prices remain buoyant and rising at a local level in Kent.

Here we bring you an overview of the current property market, highlighting a landscape shaped by mixed signals. Nationally, prices have dipped slightly over the past month, though annual growth remains positive. Market activity reflects ongoing caution, as we’d expect when wider economic conditions remain challenging for everyone.  But it’s a nuanced picture, so it’s important to make sense of what the data really means.

Here we look at the housing market data on a national and Kent level.

The Headline Stats and Facts

• Average selling price: £296,648. This represents a -0.4% monthly change.
• Property price increases: Annual rate of growth is still positive at +2.5%, which is still broadly in line with the pattern so far this year.    
• Interest rates: 4.25% (dropped from 4.5% on 08 May).
• Inflation: Raised from 2.6% last month at 3.5%.
• RICS net balance score: Similar to last month, the RICS data displays caution. New buyer enquiries have a net balance reading of -33% and agreed sales are down -31%. Once again, we can see resilience with a steady month on month +6% new instructions net balance.  

Kent-Specific Stats

• Average time on market: Properties in Kent currently spend an average of 168 days on the market, up +8% on this time last year.
• Number of properties for sale: The number of properties for sale is up +18% on this time last year, with 22,583 properties for sale.
• Average selling price in Kent: £428,827 up from £425,831 last month and following the gradual rising pattern of the last few months.  

What Does This Mean?

Amanda Bryden, Head of Mortgages at Halifax, sums up the latest data by saying,

“These small monthly movements point to a housing market that has remained largely stable, with average prices down by just -0.2% since the start of the year.”

Spring brought a temporary flurry of activity while people sought to act before the changes to stamp duty, but the latest data has now absorbed this. It’s now a case of trying to predict something that’s quite difficult to predict. A lot will depend on how quickly the Bank of England continues to make changes to interest rates, which will be interesting in the face of inflation gaining momentum once more. There’s no doubt that affordability remains the biggest challenge.

Importantly, what the latest data continues to reveal is the steadfast and solid nature of the housing market. It is deeply resilient.

What About Kent?

For several months at the end of 2024, Kent was dropping prices slightly while the rest of the country was picking up. We’ve now seen a few months of the tables being turned. While national data shows a gentle decrease in average prices month on month, in Kent we are seeing the opposite. This underpins the importance of always looking at the local picture, as well as national trends.

Along with other areas of the South East, Kent has a typically robust housing market. There are mixed signals within the data however. Fundamentally, the landscape remains positive, with strong buyer confidence, but this is tempered with a little caution.

Kent’s continued price growth, outpacing the national average, suggests strong demand - particularly for desirable locations and properties in good condition. The local market remains buoyant, offering positive signs for those considering a move.

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