MK45 Property Market Update - First Half of 2025
The MK45 property market is active, with 55% more homes available, 13% more locals selling and sales down compared to 2024. Due to the increased competition for a buyer more homes are reducing in price although this is NOT due to a falling market Read our blog to discover how the market has changed during 2025.
The first half of 2025 has brought a noticeable shift in the MK45 property market. With more homes available and increased movement among local homeowners, yet we have seen sales slip. Here’s a breakdown of the key trends we’ve seen so far this year:
More Homes to Choose From
There’s been a 55% increase in properties available compared to the same time last year. This added choice is great news for buyers who are now taking their time, viewing a broader range of homes and comparing value more carefully. It means buyers are more confident and more selective - they are not hurrying to offer and choosing properties that offer good value and fit their lifestyle.
A Positive Uptick in Local Sellers
We’ve also seen a 13% rise in new property listings, suggesting that more local people are choosing to make a move in 2025. This renewed willingness to sell indicates trust in the local market and a stronger sense of mobility in the community.
Price Reductions Bucking Expectations
Alongside the increase in choice for buyers we are seeing an increase in properties having their marketing price adjusted. This is not a sign of prices falling as correctly priced properties are still selling for more than a year ago. However there is often an expectation that a property will have increased in value by 10%(or more) each year. This is overzealous in the current market; while there is likely to be an increase it tends to be a few percent - but this still equates to £,000's more than 12 months ago. Nationwide have recently reported a year on year rise in prices of 3.5% year on year, higher than the 2% rise predicted for 2025 although this could correct over the second half of the year.
Slight Dip in Sales – But That May Soon Shift
Sales are currently 10% down on 2024, as a direct result of the supply currently outpacing demand. That said, the market remains active, and with the summer market typically heating up, this could rebalance in the second half of the year. We expect good quality homes, priced correctly in the current market will be the ones to take advantage of this expected correction over the coming months.
Final Thoughts
If you’re thinking about moving, correct pricing is more important than ever. We’re seeing properties fly off the market when priced in line with current trends. Overpricing, however, is causing delays and missed opportunies, with lower viewing numbers being a key indicator to sellers currently on the market.
If you have any questions about the current market and the shift we are experiencing please contact me, Stuart, or one of my team on 01525 713111.