Overview
- Rightmove data shows that May 2025 saw the busiest month for agreed house sales since March 2022, with transactions 6% higher than May 2024.
- The average five-year fixed mortgage rate has fallen to 4.61% in May 2025 from 6.11% in July 2023, improving borrowing costs for buyers.
- Heywood in Greater Manchester led regional growth with an 88% surge in agreed sales year-on-year, followed by Pudsey (85%) and Wilmslow (67%).
- Nine of the top ten sales hotspots recorded average house prices below the national average, underscoring continued buyer focus on affordability.
- Sellers must navigate decade-high listings and are urged by Rightmove expert Colleen Babcock to set realistic, competitive prices to secure buyers.