This month prices have reached a new record despite a more subdued spring market according to Rightmove, while Zoopla says the number of housing sales is on the rise with home buyers returning to the market after the end of stamp duty relief and the Easter holidays. Find out more about the latest trends and what’s happening in the West Wales property market with our new house price report.

In Brief

Nationally the market has seen – 

• New seller asking prices rose by 0.6% (+£2,335) this month to a new record of £379,517¹.
• However, this month’s seasonal price increase is the lowest at this time of year since 2016, as the decade-high number of homes for sale limits price growth¹.
• New buyer demand slowed in April to 4% below the same month in 2024. However, demand in the year to date is still 3% ahead of last year, and there are early signs of a bounce-back in May¹.
• Despite April’s lull in new buyer demand, the number of sales being agreed in the last month is 5% higher than at this time last year, indicating that buyers are still being tempted by the right property at the right price¹.
• The number of new properties coming onto the market for sale is now 14% ahead of this time last year¹.
• The number of sales agreed in May is the highest it’s been for four years and up 6% on last year​².
• The rise comes as the market rebounds after the Easter lull and initial reaction to stamp duty relief ending​².
• House price growth is stable with a 1.6% rise compared to a year ago​².
• More sellers are listing their homes for sale, with a 13% rise on last year​².
• The housing market is on track for 5% more sales and 2% price inflation over 2025​².

In terms of the Welsh property market –

• The average house price in Wales is now £271,269, up 0.9% over the last month and up 2.3% year on year¹.
• The average number of days for a Welsh property to find a buyer has fallen to 70¹.

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 is reporting that prices are only 1.2% ahead of this time last year due to the decade-high supply of homes, and that the number of sales agreed is now 5% ahead of this time last year.

They say that there’s been another new price record this month, but it appears to be driven more by seasonal factors given that new buyer demand has slowed. The ten-year high choice of properties for sale means that sellers have to be aware of the intense competition and the pricing in their area. 

With the number of properties on the market, it’s very possible that buyers could have several similar homes to choose from. A home that appears over-priced, in comparison to the competition, will not attract the attention of buyers. It advises sellers to work with an estate agent to help understand the local market and agree a price to make the property stand out.

It adds that despite April’s dip in new buyer demand, there are early signs of a bounce-back this month. The fact that mortgage rates are lower than this time last year, as well as the recent rate cut by the Bank of England, adds to the optimism for further mortgage rate drops, which will boost affordability for buyers.

Zoopla’s Insights – 

According to Zoopla, the number of housing sales is on the rise with home buyers returning to the market after the end of stamp duty relief and the Easter holidays. It says that its data shows that the number of sales agreed per estate agent at this time of year is running at the fastest rate for four years – due to the high number of homes for sale and improvements in mortgage rates and availability.

It says that there are 13% more homes for sale than a year ago. Most of these home sellers are also buyers, which means plenty of interest for well-priced homes. More mortgage products with sub-4% rates, together with changes to how mortgage affordability is calculated are encouraging buyers to make offers, supporting a 6% growth in sales agreed.

Looking ahead, Zoopla says that strong competition in the mortgage market and less stringent affordability testing is set to support buyer demand and sales over the second half of 2025.

It also stresses that it’s important for sellers to understand their local market, in terms of how they approach pricing their home if they are serious about selling in 2025. Different trends in supply and demand are being seen across the country, and both sellers and buyers need to adapt to local market conditions. 

It adds that overall the housing market is well placed for 5% more sales in 2025 compared to last year, with just enough house price inflation to keep sellers and buyers entering the market and making bids for homes.

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 May 2025. If you’d like to find out more please get in touch. 

The simplest way to put May into perspective for us was that it was incredibly busy! The market in our region is very buoyant, with plenty of new selling instructions and more buyers coming into the market, so it’s all very positive for buyers and sellers.

What sellers need to be aware of though is that it is still a very price sensitive market, with a very wide choice of properties on the market. As a result, it’s often referred to as a ‘buyers market’ as buyers have plenty of choice and will therefore look for the best value. 

To give yourself the best chance of attracting a buyer there are a few key things to remember if your home is on the market – or if you’re thinking about selling your home. First impressions count, so ensure the front of your home is well maintained – tidy up the garden, give it a lick of paint if needed, and make the overall location look as good as you can. 

Many buyers will drive by to look at the location and style of the property before booking a viewing, so little touches will help to get people through the door and viewing the inside. If the outside of the home looks cared for, buyers will expect the inside to be cared for too and will be more likely to book a viewing and have the chance to see everything that the property offers.

In terms of stats, in May 2025 we saw a 38% increase in the number of sales agreed compared to May 2024. In addition, year on year there was a 31% increase in the number of offers made through the month of May, and viewings were on the rise too – up 22% year on year, making this our busiest month to date.

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 March 2025.

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

CEREDIGION

March 2025 saw the average property price in Ceredigion drop slightly to £219,253 (down from £220,595 in February 2025). The drop was seen for both detached properties, which fell from £295,787 in February to £292,275 in March, and for semi-detached properties, which fell from £188,490 in February to £187,879 in March. However, prices for both terraced properties and flats increased slightly.

In terms of the yearly change in the region, prices fell by 5.3% this month, with the biggest drops for detached properties (down 6.3%) and flats, which fell 5.9%. 

The monthly percentage change for March 2025 was down 0.6%, with the biggest drop again for detached properties (down 1.2% on the month) and flats (down 0.6%).

View the full Ceredigion report.

PEMBROKESHIRE

The average property price in Pembrokeshire fell slightly in March 2025 to £218,976 – down from £219,262 in February 2025. However, this drop is driven by detached properties with the average price of these falling to £315,397 (down from £317,665). All of the other property types – semi-detached, terraces and flats – actually saw small increases in their average price.

Looking at the yearly percentage change for Pembrokeshire, and prices this month were up 2.6% on the year. The biggest percentage growth was seen for semi-detached properties, which were up 4%, and terraced properties, which were up 3.5%. Detached property prices grew by 1.4% and flats were up 0.5%.

The monthly percentage change for March fell slightly – down 0.1%, but again it is the detached properties that bear the brunt of this drop. Their prices fell 0.7%, but prices for flats increased by 0.7%, for terraced properties prices increased by 0.3% and for semi-detached houses their prices increased by 0.2% in the month.

View the full Pembrokeshire report.

CARMARTHENSHIRE

In Carmarthenshire the average property price in March 2025 shows some strong growth – increasing to £195,357 (up from £193,360 in February 2025). The price increase is seen across all property types, with detached properties increasing from £276,238 to £277,210; semi-detached properties increasing from £177,520 to £180,008; terraced properties increasing from £145,772 to £147,882; and flats increasing from £94,064 to £95,590.

The yearly percentage change continues the story of growth. The average property price in the region increased by 4.9%, with the strongest increase for terraced properties (up 5.9%) and semi-detached properties (up 5.8%). Detached property prices increased by 3.5% and flats increased by 2.8%.

And the monthly percentage changes also reflect this. With the average property price increasing by 1% over the month, with flats up 1.6%, semi-detached properties and terraced houses up 1.4%, and detached homes up 0.4%.

View the full Carmarthenshire report.

CURRENT UK HOUSE PRICE INDEX

* As of March 2025, the average house price in the UK is £271,415, and the index stands at 104.0. Property prices have risen by 1.1% compared to the previous month, and risen by 6.4% 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.