The local property market in Milton Keynes is showing renewed strength as we move into the summer of 2025. The number of new sellers entering the market is up by 4.13% year-on-year and a significant 23.82% higher than the average for May in recent years. In fact, May 2025 saw the highest number of new property listings since August 2020.

While over 100,000 price reductions took place in May, it was also the best month for sales agreed since April 2022. This marks the strongest May sales results in four years, and a new record was set for house prices according to the latest Land Registry data.

Looking at transaction volumes, March saw a remarkable 104% increase in completed sales compared to last year. However, April experienced a 28% fall year-on-year, a 27.63% drop on the 12-month average, and a 64% decrease compared to March 2025.

Mortgage activity has also shifted. Net mortgage approvals for house purchases fell for the fourth consecutive month in April—down 5.91% month-on-month and 5.65% below the 12-month average. However, approvals were only 0.49% lower than this time last year and remain 6.01% higher than the 10-year April average. So far in 2025, monthly mortgage approvals have averaged 65,119—already 4% higher than the average monthly total for 2024, which itself followed a 31% increase from 2023 to 2024.

Looking at transaction volumes, March saw a remarkable 104% increase in completed sales compared to last year. However, April experienced a 28% fall year-on-year, a 27.63% drop on the 12-month average, and a 64% decrease compared to March 2025.

Mortgage activity has also shifted. Net mortgage approvals for house purchases fell for the fourth consecutive month in April—down 5.91% month-on-month and 5.65% below the 12-month average. However, approvals were only 0.49% lower than this time last year and remain 6.01% higher than the 10-year April average. So far in 2025, monthly mortgage approvals have averaged 65,119—already 4% higher than the average monthly total for 2024, which itself followed a 31% increase from 2023 to 2024.

What Does This Mean for Milton Keynes Homeowners and Buyers?

• Sellers: If you’re considering selling your home in Milton Keynes, the market is active with strong buyer demand and record house prices. Well-presented properties are attracting attention, and competition among buyers remains healthy.
• Buyers: Despite some fluctuations in mortgage approvals, the market is still moving, and there are opportunities for both first-time and next-time buyers.
• Investors: While most local sales are to homebuyers, the overall resilience of the market and rising prices may present opportunities.

If you’d like any advice or want to discuss your options, feel free to contact me directly. With over 20 years’ experience in the Milton Keynes property market, I can help you navigate these changes and achieve the best outcome for your move.