The data shows that prices remained steady this month, with the traditional New Year bounce front-loaded into January, as confidence rebounded sharply following the uncertainty of last year’s Autumn Budget.
According to leading property portal Rightmove, the average price of newly listed homes dipped by just £12 (-0.0%) this month to £368,019. Following a record-breaking January, this means asking prices have still increased by a substantial 2.8% since December, which is the strongest start to a year since 2020.
From our perspective here at Mackenzie Smith, this data aligns with what we’re seeing on the ground; a motivated pool of buyers and sellers who are keen to get on with their moves in 2026. The report indicates that this year is shaping up to be an encouraging time to buy, thanks to stabilised prices.
Earnings Outpacing Growth
According to Rightmove, average earnings are up 4.7% year-on-year. This would mean buyer purchasing power is effectively increasing, making it easier for households to meet affordability criteria.
Improved Mortgage Landscape
Mortgage lenders are continuing to devise ways for eligible buyers to borrow. Rightmove’s tracker shows the average two-year fixed mortgage rate now sits at 4.28%, a considerable drop from 4.96% a year ago, easing monthly cost pressures.
Rightmove forecasts a better year for price growth in 2026, driven by a more stable economic environment and a strong rebound in activity as many turn their attention to moving plans. The analysis overall echoes themes from the recent Zoopla report, namely, that returning confidence is a key driver of the current market.
At Mackenzie Smith, we are seeing that conditions are positive, with success in 2026 to be defined by strategy. For sellers, the message is clear; in a market with plenty of options, accurate pricing and excellent presentation are non-negotiable to secure a sale.
If you’re curious about how these national trends are affecting your local market, or if you’re thinking about making a move this year, we’d love to help. Please contact your nearest Mackenzie Smith office for a chat, or book a free valuation here and we’ll be in touch.
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