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UK House Price Index – March 2024

Research and Insight March 2024
Top insights
Executive summary
Annual house price inflation slows to -0.3%, up from -1.4% in Oct 23
Market activity improves across all key measures led by sales, which are 9% higher than a year ago
More sellers coming to market and stock of homes for sale up 20%
House price inflation higher than Q3 2023 across all areas but still negative in southern England
The percentage of the asking price achieved has narrowed from 95.5% in November 2023 to 96.1% in March 2024
Sellers accepting a median average discount to the asking price of £10,000, down from £14,250 in Nov 2023
2024 is set to be a year of better sales volumes and flat house prices
- 0.3 %

Annual UK house price inflation

9 %

Year-on-year change in sales agreed

96.1%

Asking price achieved

"Sellers need to remain realistic on where they set the asking price if they are to take advantage of improving market conditions to secure a sale and move home in 2024.”

Richard Donnell Executive Director - Research
Sellers return to the market as sales volumes grow
Source: Zoopla Research
% change - 4 weeks to 17 March 2024 compared to same period in 2023