The UK housing market remains steady, with prices barely budging last month.

According to the Halifax House Price Index, the average house price in June was £288,455, only a tiny drop of £476 from May. This means prices have stayed pretty much the same for three months in a row.

While some might see this as stagnation, experts are calling it a sign of a healthy market. Amanda Bryden, head of mortgages at Halifax, explains, “This continued stability in house prices – rising by just 0.4 percent so far this year – reflects a market that remains subdued, though overall activity has been recovering.”

Here’s what’s happening around the UK:

• Northern Ireland is the star performer, with house prices shooting up by 4 percent in the past year.
• England’s North West isn’t far behind, boasting a 3.8 percent rise.
• Scotland saw a respectable 1.6 percent increase, while Wales managed 2.7 percent.
• Eastern England was the only area to see a slight dip, with prices down 0.9 percent.
• London remains the priciest place to buy, with an average property setting you back a cool £536,306.

What’s keeping prices steady?

The experts say it’s not a lack of buyers, but a lack of houses! There are simply more people looking to buy than there are properties available.

What does the future hold?

Some analysts believe we could see prices creeping up again later this year if interest rates start to fall as predicted. Lower rates usually mean cheaper mortgages, which could encourage more people to take the plunge and buy.

But there’s a catch!

We desperately need more new homes to meet demand. Experts are calling for a massive house-building drive and a shake-up of the planning system to make it easier and quicker to build new properties. Could this be the key to finally making housing more affordable? Only time will tell!