With more homes on the market and sales quickly being agreed, buyer activity continues to be resilient in the UK property market. Find out more about the latest trends nationally and in our regions of Ceredigion, Pembrokeshire and Carmarthenshire with our new house price report.

In Brief

Nationally the market has seen – 

• New seller asking prices dropped by 0.3% (-£1,277) to £378,240.¹
• Some segments of the market are performing more strongly than others, with affordability and supply levels key – prices in the more affordable North West, Wales and Yorkshire & The Humber have risen quickest this month.¹
• Buyer activity continues to be resilient. May saw the highest number of sales agreed in any month since March 2022.¹
• Buyer demand is now 3% ahead of this time last year, while the number of homes coming to market is 11% ahead.¹
• Rightmove data shows that homes which attract an enquiry on the first day of marketing are 22% more likely to find a buyer than homes which take more than two weeks to receive their first enquiry – showing the importance of realistic pricing and property presentation.¹
• Sales are being agreed at the fastest rate for 4 years.​²
• 14% more homes for sale is boosting buyer choice.​²
• UK house price growth slows to +1.4%.​²
• House prices are rising more quickly in affordable markets.​²
• Prices are falling in more expensive markets with average values over £500k.​²

In terms of the Welsh property market –

• The average house price in Wales is now £272,381, up 0.4% over the last month and up 2.4% year on year¹.
• The average number of days for a Welsh property to find a buyer has fallen again to 68¹.

¹Source – Rightmove

²Source – Zoopla

National Overview

Here is our monthly overview of the trends that Rightmove and Zoopla – two of the biggest names in the property market – have been seeing over the last month. 

Rightmove’s Insights –  

Rightmove says that we’re now seeing a decade-high level of homes for sale and that the stamp duty increases in England have a delayed impact on new sellers’ pricing. They say prices fell in June after new records were set in April and May.

To compete, sellers need to set realistic pricing to have a better chance of finding a buyer in the current market, and many are responding to that message. Pricing will remain key in the coming months – it says that underneath the headline figures there are regional variations that appear to be closely linked to buyer affordability and supply levels.

For those looking to buy there’s a very good choice of homes for sale, which also means they have good negotiation power. While some buyers with a home to sell in the current high-supply market may get a lower price for their own sale, they could look to offset that by negotiating a discount on their new home purchase. 

It adds that as sales are being agreed at the strongest level since March 2022, it’s a really positive sign that many are getting their sales tactics right. Homes that are well marketed and priced correctly from the start will get the all-important early interest that strongly increases finding a buyer.

Zoopla’s Insights – 

Zoopla highlights that the number of sales being agreed is continuing to run at the fastest rate for four years. This is starting to steady due to the seasonal summer slowdown. It says there are more sales year-on-year across all regions and countries in the UK, with sales agreed in the last four weeks up 6% on last year.

Zoopla stresses that more sales doesn’t mean that house prices are rising more quickly. The reality is that house price growth is slowing – up just 1.4% in the year to May 2025. It says that buyers continue to be price-sensitive due to cost of living pressures and interest rates impacting affordability. It says that while UK earnings are rising at 5% a year, inflation levels mean further rate cuts are unlikely in the coming months. These factors limit house price growth, despite demand for properties remaining higher than a year ago.

They also highlight regional variations in house prices, with prices rising fastest in more affordable areas and some small house price falls in expensive areas. But with so much supply the key message for sellers continues to be that they need to be realistic with pricing if they want to move in 2025. 

Regional Insight from Cardigan Bay Properties

We specialise in the property market in West Wales and monitor developments here throughout the year to give you the best, most accurate advice. We cover the key regions of Ceredigion, Carmarthenshire and Pembrokeshire, and this month Tania Dutnell, one of our founders, outlines the key trends we’ve seen through June 2025. If you’d like to find out more please get in touch. 

The market over the past month in West Wales has been a little bit quieter than earlier in the year, but that’s to be expected with the start of the holiday season and the beautiful weather that is encouraging people to enjoy the sunshine rather than plan a house move!

Our valuations over the past month were up very slightly – by just over 4% – showing that people are still motivated to put their homes on the market, but viewings were down 14% as a result of the good summer weather.

However, we do still have new properties coming onto the market and properties are still selling well. While we expect the slightly quieter conditions to continue through the summer holidays, there is still confidence in the market and we’d expect to see an upturn again in September, once schools are back and holidays are over.

Your Regional Insights

Here we give you an overview of the latest House Price Index results for our key regions – Ceredigion, Pembrokeshire and Carmarthenshire. Please note, that each month these figures are two to three months behind due to the Land Registry taking longer to register new sales, so this report includes sales up to the end of April 2025.

To help you follow the trends for these regions, the graphs below show figures from July 2019 (pre-Covid pandemic) to April 2025.

CEREDIGION

The average property price in Ceredigion in April 2025 increased slightly on the March 2025 figure – up to £219,182 (from £218,661). While all property types increased slightly, it was semi-detached properties that saw the biggest increase – up to £188,390 from £186,965 the month before.

However, when we look at the yearly percentage change, overall properties in Ceredigion fell 5.5%, with the biggest drops seen for flats (down 6.8%) and detached properties (down 6,4%). Semi-detached properties and terraced properties fell 4.4% and 4.7% respectively.

The monthly percentage change shows a very slight increase – up 0.2% for the region overall, with the biggest increase over the month seen for semi-detached properties – up 0.8%.

View the full Ceredigion report.

PEMBROKESHIRE

In Pembrokeshire April saw the average property price fall slightly to £216,869 – down from £217,435 in March. All property types except semi-detached properties saw a drop in their average price. The average price of semi-detached properties increased to £199,122 – up from £198,666 in March.

The yearly percentage change in April was up just 0.2% – a slow down following the previous months, which recorded some strong increases. Again it was semi-detached properties that helped achieve this increase. Their average price increased by 2%, while flats fell by 2.8% and detached properties fell by 0.5%.

Looking at the monthly percentage change for April 2025 – this fell 0.3%. Semi-detached properties actually increased by 0.2%, but detached properties fell by 0.3%, terraced properties fell by 0.6% and flats fell by 0.5%.

View the full Pembrokeshire report.

CARMARTHENSHIRE

The average property price in Carmarthenshire rose slightly in April – up to £194,393 from £193,665 in March 2025. The small increase was seen across all property types except flats, which fell to £94,916 from £94,976.

Looking at the yearly percentage change, property prices in Carmarthenshire grew by 4.2% – up from 4% in March. The strongest growth was seen for semi-detached properties, which increased by 5.3%, followed by terraced properties which are up by 4.7%, detached properties up by 3.1% and flats up by 1.2%.

The monthly percentage price change also increased, up 0.4% in April, with semi-detached properties again showing the biggest increase – up 0.7%, while flats were the only property type that fell in price slightly – down 0.1%.

View the full Carmarthenshire report.

CURRENT UK HOUSE PRICE INDEX

* As of April 2025, the average house price in the UK is £265,497, and the index stands at 101.7. Property prices have fallen by 2.7% compared to the previous month, and risen by 3.5% compared to the previous year.

*Details provided by the Land Registry. For more information on the House Price Index please CLICK HERE

Please note that the stats provided by the UK House Price Index are live and constantly evolving.