The average price of property coming to the market for sale rises by 0.8% this month (+£2,974) to £370,759. September nearly always sees a rise in prices from August, but this year’s increase of 0.8% is double the long-term average. This rise in prices beyond the usual seasonal norm has been driven by a strong recovery in activity this summer when compared with the much more subdued market at this time in 2023. It appears that the traditionally busier autumn market has arrived earlier than usual, with many buyers and sellers spotting a window of opportunity to act. Mortgage rates are trending downwards, there’s more property choice for buyers, and earnings are now rising faster than both inflation and house price growth. These factors are all contributing to better conditions for moving. However, despite some strong headline figures this month, beneath the surface the market remains cautious, with pricing right still key for a successful sale. There are still uncertainties ahead, including the timing of a second Bank Rate cut, and which segments of the market could be affected by announcements in October’s Autumn Statement.