The property market is having a bit of a slump at the moment. It hasn’t stopped completely, but it has definitely changed.
We’re seeing certain homes go under offer very quickly, with steady interest from the moment they’re listed, while others are sitting on the market for months with very little activity. Those slower properties often go through multiple price reductions and still don’t catch up, which can be extremely frustrating for sellers.
This hasn’t changed. The price you bring your property to the market at has always influenced how quickly interest builds, but right now it is being tested more than it has been for some time.
Your asking price at the outset really does set you up for either success or a much slower, more difficult sale.
When deciding on an asking price, most sellers look at a mix of things:
In reality, what matters more is what those similar homes actually sold for — and even that comes with a delay. The price agreed could have been six to twelve months ago, and by the time it appears on the Land Registry, the market may have shifted again.
You could try to adjust for that, factoring in local price movement… but realistically, very few people have the time or inclination to do that properly.
In a stronger market, starting high or “testing” a price could sometimes work. In current conditions, it is far more likely to slow things down and lead to frustration.
Starting too high can lead to:
It’s also worth remembering that property portals give your listing its biggest push in the first couple of weeks. After that, it is very difficult to recreate that level of exposure without a meaningful price reduction or a long break from the market.
Buyers will also start to question why a property hasn’t sold. Even if the price is reduced later, that initial hesitation can stick.
Buyers have more choice at the moment and are taking longer to decide.
That means they are less likely to engage with anything that feels even slightly overpriced. It simply doesn’t make the shortlist.
What we are seeing more often now is:
The first few weeks are still critical. That is when your property is most visible and when serious buyers are most likely to act.
Turning down an early offer because “it hasn’t been on long” can be a costly mistake. In some cases, that may be the only offer you receive.
Presentation has always mattered, but the focus has shifted slightly.
It’s no longer about making everything look perfect. It’s about making the property easy to understand.
Buyers are trying to work out:
If that’s not clear, it becomes much harder for them to move forward.
Common issues we see include:
These things won’t always stop a sale, but they will reduce interest — and in a slower market, that matters more.
This is a more considered market than we’ve seen in recent years, which is understandable given the wider economic and political landscape.
Buyers are:
They are still willing to proceed, but they are less likely to rush and more likely to negotiate.
As a result:
For sellers, this can feel like a lack of interest, when in reality it’s just a change in pace.
One of the most common issues is hesitation once a property is on the market.
This can include:
The longer this goes on, the more a property risks becoming stale.
Buyers are quick to spot listings that have been on the market for a while, and that can lead to:
Responding early makes a noticeable difference.
The properties that are selling are not necessarily the best ones.
They are the ones where the basics are handled properly from the start.
In most cases, that means:
There is no single factor that guarantees a sale. It is the combination of these things that creates momentum.
We have more information available than ever, but knowing where to look is key.
At the moment, the gap between expectation and reality is wider than it has been for some time.
Some sellers are still basing decisions on how the market felt a year or two ago.
In today’s conditions:
Where expectations don’t align with that, properties tend to sit rather than move.
Adjusting early usually leads to a much smoother process.
Homes are still selling in 2026. The difference is that the gap between those that sell and those that don’t has widened.
Understanding what is driving that, and responding to it early, can save time, reduce stress, and avoid repeated price reductions.
If you are selling in order to buy, it is often worth thinking about the bigger picture. Pricing realistically to secure a buyer can put you in a stronger position when making an offer on your next home.
Image is from a property for sale July 2026. A rare opportunity to purchase this most attractive property in the heart of East Finchley’s Old Village. For more details see here.
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