What the July Property Market Numbers Mean for North Yorkshire Homeowners
The July property market figures tell two very different stories, depending on which year you choose for comparison.
Across the UK, the number of homes sold subject to contract was 5.2% lower than in July 2025. Yet sales were still 13.6% higher than in July 2023, when the property market was struggling with rapidly rising mortgage rates and weakened buyer confidence.
Here is how every region performed:
- Yorkshire and the Humber: down 7.4% year on year, although sales were still 11.0% higher than in July 2023.
- East Midlands: down 3.9% compared with July 2025, but up 20.3% compared with July 2023.
- East of England: down 2.7% on 2025, yet up an impressive 21.1% on 2023, the strongest three-year improvement of any region.
- London: down 4.4% against 2025 and only 5.6% ahead of 2023, making the capital the clear laggard.
- North East: down 4.4% year on year, but still 12.3% higher than in 2023.
- North West: down 9.5% compared with 2025, the largest annual fall, although activity remained 15.3% above 2023.
- Scotland: up 0.3% against July 2025 and up 15.7% compared with 2023. It was the only region to record annual growth.
- South East: down 5.9% year on year, but 12.9% ahead of 2023.
- South West: down 3.1% compared with 2025 and up 11.5% against 2023.
- Wales: down 4.9% year on year, while remaining 11.9% above July 2023.
- West Midlands: down 6.0% against 2025, but up 14.4% compared with 2023.
- Nationally: sales were down 5.2% compared with July 2025, but up 13.6% compared with July 2023.
So, is the property market improving or weakening?
The honest answer is that it has cooled from last year, but it is nowhere near the difficult conditions experienced in 2023.
Most regions are seeing fewer sales agreed than in July 2025. However, every region except Scotland is being compared with an unusually active 2025 market. Against 2023, every region is comfortably ahead. The biggest lesson is that national headlines rarely tell the whole story.
For homeowners, this means there are still buyers in the market, but they have more choice and are less forgiving when a home is launched at an unrealistic asking price. Properties that are well presented, marketed properly and sensibly priced are still attracting interest. Those that chase the market from behind may struggle.
The figures do not suggest a property market in crisis. They suggest a more selective market where preparation, presentation and pricing matter.
For anyone considering selling in our area, the most useful information is not simply what is happening nationally, but how many homes are coming to the market locally, how many are selling and what buyers are prepared to pay. A conversation with a knowledgeable local estate agent could help you understand where your home genuinely sits in today’s market. 01748 834373 (option 2)
