Average Price
Average new seller asking prices rise by 0.3% (+£1,165) this month to £371,422. October typically sees a seasonal increase in activity and new seller asking prices as the market bounces back from a quieter summer period.
Supply & Demand
Looking at 2025 to date, new buyer demand is up by 2% across the year so far versus the same period in 2024, while the number of sales being agreed and the number of new sellers coming to market are both 5% higher than in the first nine months of last year.
It’s a very price-sensitive market, which means that getting the price right at the start of marketing is vital to successfully finding a buyer. Rightmove research shows that homes which receive an enquiry on the first day of marketing are 22% more likely to secure a buyer than homes which take over two weeks to receive their first enquiry.
Interest Rates
The current base rate stands at 4%, with the next meeting due on the 6th of November.
Regional Trends: North East
The average price for homes in the North East is £194,822, with a 1.1% increase since the same period last year. On average, it takes 54 days to sell a property in the North East region.
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Source: Rightmove
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