If you've been keeping an eye on the property market recently, you'll have noticed plenty of headlines suggesting that things are slowing down. While there is some truth behind the national figures, the reality here in York is a little more nuanced.
At Indigo Greens, we always believe that local knowledge beats national headlines, and understanding what's happening in your specific market is key to making informed decisions.
What’s Happening Nationally?
According to the latest Rightmove House Price Index, the average asking price of newly listed homes across the UK has fallen by 0.6% this month, equivalent to £2,113. This is the largest June price drop seen in fourteen years, bringing the average asking price to £376,191.
Traditionally, June sees a small increase in asking prices, so this month's reduction suggests many sellers are becoming more realistic about pricing. With a record number of homes available for buyers to choose from, competition between sellers has increased significantly.
The message from the national market is clear: buyers have plenty of choice and are becoming increasingly selective. Properties that are priced correctly and presented well are attracting interest, while those that are overpriced are often being overlooked.
In fact, Rightmove reports that more than a third of newly listed properties are currently failing to find a buyer.
What Does This Mean for York?
York continues to outperform many parts of the country.
While national asking prices have softened, York has seen only a modest 0.4% reduction in average asking prices compared to this time last year. This demonstrates the continued resilience of our local market and the ongoing appeal of the city to buyers.
However, buyers are taking longer to make decisions.
The average time it takes to find a buyer in York is now 71 days, which is 15 days longer than this time last year.
This doesn't mean homes aren't selling. Far from it.
What it does mean is that buyers are being more careful. They are comparing more properties, viewing more homes and taking longer to commit. In today's market, buyers want to feel they are getting good value for money.
Why Accurate Pricing Matters
One of the biggest mistakes sellers can make is assuming that a higher asking price leaves room for negotiation.
In reality, an overpriced property often receives fewer enquiries, fewer viewings and ultimately spends longer on the market. This can lead to price reductions later, which sometimes raises questions in buyers' minds about why the property hasn't sold.
The most successful sales we're seeing are those where the property launches at a realistic market value from day one.
A well-priced home creates interest, generates viewings and can even encourage competition between buyers. In a market where buyers have more choice than ever, the right advice at the start can make all the difference.
Written by Emma
Source Rightmove House Price Index - June 2026
