A quick update on what’s really happening in the South Devon housing market this spring 2025 , particularly at the upper end.
I’ve been looking closely at the current Rightmove data, and a few things stand out:
- Around 20% of listings between £900,000 and £1.5 million are under offer
- That figure drops to 17% between £1.5 million and £2 million
- And for homes over £2 million, just 12% are currently under offer
So yes — the market is moving, but most of the activity is in the lower end of that range.
What’s also very clear is that the majority of homes now under offer have been reduced at least once — especially those originally listed in 2024. In contrast, properties launched in 2025 with more realistic pricing are also selling — and selling quite quickly.
That said, there’s still a fair chunk of stock that may need price corrections in the months ahead.
From where I’m standing, demand remains strong. South Devon continues to be one of the most sought-after relocation spots — whether from London, the Home Counties, or further afield.
But buyers are doing their homework. They’re cautious, well-informed, and they’re not biting on overpriced listings. They’re acting on homes that are sensibly valued and well-presented.
I often say: it can take nine overpriced homes to help sell the one that’s correctly priced — and right now, that feels more true than ever.
One final note: this spring, I’ve quietly come across some of the finest homes I’ve seen in the five years I’ve been doing this — and many of them haven’t been openly listed yet.