🏡 UK Property Market Update: March Sees an Expected Spring Uplift
The latest Rightmove House Price Index shows a 0.8% increase in average asking prices, taking the national figure to £371,042. This follows February’s flat performance and reflects a typical spring uplift as more sellers come to market.
March has brought a measured return to growth, with asking prices rising in line with seasonal expectations.
Encouragingly, sales agreed remain just 2% below the strong market of 2025 and are 5% ahead of this time last year, pointing to improving underlying activity as we move deeper into the year.
A More Balanced Spring Market
March’s increase is in line with long-term trends, suggesting the market is behaving in a more predictable, sustainable way.
Across England (excluding inner London):
- First-time buyer homes: +0.4%
- Second-steppers: +0.7%
- Top-of-the-ladder properties: +2.3%
Larger homes have seen the strongest gains this month, indicating growing confidence among discretionary movers- often a key signal of improving market sentiment.
However, mortgage rates have edged slightly higher to around 4.51%, which may temper momentum as we move through spring.
North Yorkshire Focus: DL7–DL11
Across DL7–DL11, March has brought some improvement in activity, but the market is still finding its footing.
While pricing across the region continues to edge upwards, new listings and sales agreed remain below what we would typically expect at this point in the spring market. Stock levels are gradually improving, but not at a pace that’s driving strong transactional momentum. Love Property has proudly led the market with new instructions this month, taking first place with a 10.3% market share in the DL7-DL11 postcode areas.
Buyers are present and engaged, but still measured in their approach, particularly sensitive to pricing and overall value. Well-positioned homes are attracting interest, though timescales remain longer than many sellers anticipate.
Regionally, the market continues to show quiet resilience:
- Average asking price: £255,529
- Monthly change: +0.6%
- Annual change: +1.0%
- Average time to find a buyer: 76 days
Final Thoughts
March’s data reflects a market settling into a more normal rhythm after the volatility of recent years. There is steady progress, but not urgency. Confidence is returning gradually, rather than all at once. For those considering a move in 2026, the opportunity is there, but it’s a market that rewards clarity, patience, and a well-considered approach.
If you're thinking of a move in the near future, get in touch with our Sales Team for any advice- 01748 834373