House Prices Hit Record High as Spring Market Booms.
Average asking price nears £380,000 amid strong spring market activity.
The UK housing market continues to defy expectations, with average asking prices hitting a new record high in May. According to the latest data, the typical asking price for a home now stands at £379,517 – an increase of 0.6% (+£2,335) compared to last month.
This marks the sixth consecutive year that a new house price record has been set in May, underscoring the continued strength of the Spring property market. Traditionally one of the busiest periods for home-movers, May once again proves to be a peak month for activity and competition.
Not only are prices climbing, but buyer choice has expanded significantly. The number of homes coming to market remains at a decade-high, with listings now 14% higher than at this point last year. This boost in supply provides more options for prospective buyers and helps to support a dynamic and competitive market.
The combination of strong demand, seasonal momentum, and increased supply continues to drive market growth. Sellers are clearly confident, pricing their homes ambitiously, while buyers appear willing to meet those expectations—particularly with more properties to choose from.
As we move further into 2025, these trends point to a resilient and active market, with no immediate signs of cooling. For those considering a move, now could be a strategic time to act—whether buying, selling, or both—before further price increases take hold.
Whether you’re a homeowner thinking of listing your property, or a buyer ready to explore the wide range of homes available, May’s market conditions present plenty of opportunity in what is shaping up to be another standout year for UK property.
