Longer days, brightly blooming gardens, warmer evenings… you know what, it seems that Summer might well and truly be on its way after all. And with it, you can just feel the mood beginning to lift.
That includes in the world of property. Throw in a recent base rate cut and news of dropping mortgage rates along with a splash of sunshine to warm our cheeks as we stroll along Station Road and Hale Lane, surreptitiously checking out what’s on the menu… it all helps combine to create that feel-good factor which encourages some potential movers that maybe now the time is right.
But hang on… haven’t they missed the boat?
So much always seems to be said about the Spring market being the time to move; and although someone will no doubt point out that Spring runs to June 20th, let’s face it, Spring seems somehow to be behind us.
The good news is, if you’re an Edgware property seller or house-hunter wondering whether you’ve missed the window, it is certainly not too late.
Spring is often discussed in those terms, being seen as the “ideal” time to bring a home to market (I am not saying I agree with that, by the way – but there is definitely a sentiment… even amongst some estate agents). However, the early summer can offer some particular advantages that can make it just as effective for sellers, if not more so.
Buyers, too, with a little forethought and research, can find certain market peculiarities play into their favour.
So whether you are selling or buying a property, here’s why June might be just the right moment.
There’s a long-standing belief that the spring market is where the action happens – and to some extent, that is justified. But it is very much over-simplified, too.
Many sellers do aim to list in March, April or May, hoping to catch buyers early in the year and secure a move before the summer holidays.
But, with that rush comes a swell in properties on the market bidding for attention – and it can have the effect of causing a bit of an overinflation of property prices, as Estate Agents act dynamically to try to secure the rush of listings to market.
Again, I am certainly not defending this as any sort of a good thing – but you do see it.
Enthusiastic sellers feel they have time on their hands; they are confident their home and garden currently looks its best; they are flattered and willing to listen to the ‘top price’ valuation, when everything seems so optimistic - especially when all three agents have said ‘what a beautiful house’…
You can see how easily it happens.
What this means of course is a glut of properties that don’t in fact sell quickly or easily, when set against competition from other sellers with the same idea.
Still, nobody panics – they wait until Easter to see what happens, expecting that this is really the moment that things ‘take off’… but, they don’t. Again, no need to panic; we all know the month of May is on the horizon, bringing with it two bank holiday weekends and a school half term, when buyers will no doubt be trawling Rightmove etc for a good look at what’s for sale…
Well, we’ve just had ‘Half Term’… but it was 24 degrees outside, and whilst the bars, cafes and restaurants round here have been full enough, half of North London has headed out to the downs or down to the coast for their first taste of salty air this year.
Holiday periods can cut two ways, when it comes to property.
So yes – Spring is a popular moment for new listings, but it gets busy quickly, and demand doesn’t necessarily keep up with supply. Buyers are often spoilt for choice. Competition is high, and properties that don’t secure early interest can linger on the market.
This is why, by the time we reach June, the landscape starts to shift…
Any well-priced Spring listings will have gone under offer. Those that were overinflated and have not yet taken a reduction are, by contrast, beginning to look stale.
And that presents an opportunity for new sellers coming to market, and for buyers too, who are looking to do a bit of a deal.
For sellers coming to market now, there’s a real chance to stand out – particularly if your home is well-looked after and you choose an agent that will provide proper, detailed attention to the marketing presentation along with a sensible price that encourages viewings. At Petermans Estate Agents, we believe presentation is crucial.
Now, for buyers; if you can spend a bit of time researching, you will be able to work out how long properties have been for sale. If you are seeing properties in June with listing dates in April or March (or maybe even before), I would hazard a guess that the owners of these properties might be more open minded to a good offer around about now…
I’m not saying you’ll buy anything for peanuts – but be sensible, be honest with yourself as a buyer about what is sensible (and what is insulting), and you might just find a great deal can be done.
In short: Spring may be busy, but this early Summer period can be about strategy (as a property buyer or seller).
June provides the perfect window for sensibly priced properties to launch fresh, capturing motivated buyers, whilst benefiting from the seasonal uplift that summer brings.
One of the biggest advantages of selling in June is, quite simply, how good your home can look.
Natural light is at its most generous this time of year, which not only makes photos more appealing but also creates a warm, welcoming atmosphere for viewings.
Gardens and outdoor spaces are in full bloom, and in a post-pandemic world where outdoor living remains a major priority for many buyers, that can make a big difference.
In an edge-of-London suburban area like Edgware, even small patios, balconies, or window boxes can really be leveraged from a marketing point of view. They will always be a feature in my property particulars.
For family homes especially, though, any features like sunny gardens, BBQ areas, or an outdoor space for children to play can help stir buyers’ imaginations and reinforce lifestyle appeal.
Presentation really matters, and June is when homes tend to look their absolute best – lush and green following the rains of Spring, brought to life by the sunshine of the early Summer – importantly, before the sun has had a chance to do its worst and scorch everything to the yellowy-greens we often see by the time we get to July and August.
Another key point to consider is buyer motivation. Those who are still actively looking in June are, in many cases, very serious about moving.
This is because, by now, for some of them at least, they are working against the clock.
Whilst we’re seeing signs of improvement, conveyancing times are still slower than most would like. It’s very much an ambition rather than a target for sales to take 8 weeks from offer to completion; times of between 12 to 20 weeks are very normal.
It means that for anyone hoping to move before the end of summer, time is of the essence, in particular families looking to time their move with the school holiday – and especially so if they need to be settled for a new catchment by the time September arrives.
As a result, buyers in June – particularly buyers in the ‘family home’ market, looking for those three to five bedroom houses perhaps in Edgware Green or The Lanes, or on roads around Edgwarebury Park – are often more decisive, more focused, and more ready to act than those earlier in the year who may have spent some time testing the waters – or who may have been frustrated by earlier overpricing.
No market commentary would be complete without touching on the wider economic picture.
We do of course have to be mindful of the economic landscape, and it isn’t like we haven’t had a bit to contend with. Seemingly ever rising costs of living, feels standard nowadays, and that is of course reflected in inflation figures which surged in April (i.e., the figure then reported in May), up to 3.5%, following the energy price cap increase, water rates increase and council tax increase. As employer National Insurance increased also, it is likely we will see the cost of goods and services rise again, as firms do what you’d expect them to do to maintain profit margins.
At the same time, the Bank of England recently reduced its base rate to 4.25%, with predictions for further cuts later this year. This has led to the normal bun-fight amongst mortgage lenders to drop rates to compete for the business out there. It is worth noting, there are now a number of lenders offering rates at sub 4%, especially when decent deposits are available.
The recent uptick in inflation I mentioned was deemed a surprise to economists by the BBC – but realistically, it wasn’t a surprise. In fact it was widely predicted, due to those scheduled changes (as the BBC’s own reporting mentions), i.e. the energy price cap rise, increasing council tax, water bills, etc.
These weren’t surprises, they were expected increases – and are also specifically a moment in time.
In the bigger picture, inflation is still on a downward path, and confidence is beginning to return. The Bank of England lowering its base rate again in May, when they are as informed as anyone about the likely course of inflation, gives us a lot of reason to feel grounded at the moment – and from a property market point of view, the welcome relief to mortgage borrowers is only likely to mean positive signals for the housing market.
Even if we don’t see another base rate cut in June, which personally I wouldn’t bank on, the outlook for the rest of 2025 suggests further rate reductions are likely, and that is encouraging news for both buyers and sellers.
Every home and every move is different; but there’s a strong case to be made for launching to market in June.
You’ll benefit from:
Make sure your home is well-presented, priced correctly, and marketed with standout photography, and you will find yourself perfectly placed to capitalise on this early summer window.
If you’ve been holding back, waiting for the “right time”, don’t overlook June.
As we head into the last charge before Summer holidays, we can see strong buyer demand, positive seasonal conditions, and improved economic mood music. This could easily be the moment you’ve been waiting for.
We are required by law to conduct anti-money laundering checks on all those selling or buying a property. Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy. The cost of these checks is £60 (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Lifetime Legal, and is non-refundable. We will receive some of the fee taken by Lifetime Legal to compensate for its role in the provision of these checks.