Property consultancy TwentyEA has released a batch of data summarising the latest market conditions.
Stock Levels:
These remains elevated, with supply of newly listed properties 2.7% higher year to date in 2026 than in 2025. All price bands have benefited from year-on-year supply growth with the up-to-£200,000 price band leading growth, with volumes increasing 4.1%.
Demand:
This has reduced in all UK regions year on year, with Northern Ireland down 20.8% year on year and Inner London down 10.4%. May and June 2026 saw notable demand declines of 8.1% and twentyEA warns that this is likely to feed through into weaker transaction levels in Q4 2026.
Asking Price Reductions:
Some 38.4% of listings so far this year have seen at least one price reduction. Broadly speaking, reduction rates in year-to-date 2026 have increased in the lowest price bands, while easing across higher price points. And reductions are increasing in the South (with the exception of Inner London) and reducing in the North and Midlands.
Fall Throughs:
TwentyEA is seeing fall through volumes decrease substantially year on year by 10.6%. In 2026, 23.4% of completed sales had at least one fall through. Fall through rates have reduced since their peak in 2023.
Time To Sell:
The average number of days between listing and agreeing a sale has remained stable at an average of 76 days in year-to-date 2026. But the £1m+ segment stands out, with time to sell rising 4.2% year on year to 114 days.
Average Time To Exchange:
The average time to exchange in year-to-date 2026 was 130 days. This is a five-day increase year-on-year.
Sales Agreed:
Sales agreed across regions present a clear picture of weakening market conditions. The negative figures show that no region has been immune to the slowdown.
Scotland -2%
Yorkshire and The Humber -3%
East of England -4%
North East -5%
South East -5%
South West -5%
West Midlands -5%
Outer London -6%
East Midlands -6%
Wales -6%
North West -8%
Inner London -8%
Northern Ireland -35%
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Alex Bannister, a former author of the Nationwide house price index and now an independent adviser to TwentyEA says: “Many commentators have revised their forecasts for UK house price growth in 2026, with the median down from 2.1% (in March) to 0.8% now, with some now predicting a decline.
“This seems unduly pessimistic given that London prices in Q2 2026 are the same average level as in 2022 Q2 at c£540,000, while average earnings are up by c20% over the same period, suggesting the downward adjustment may be over in the capital.
“… There is less strain on affordability outside the South East, suggesting further price growth while the economy is steady. In addition, sellers tend to anchor their pricing to what they previously paid or what the going rate is nearby and so tend not to drop prices to secure a sale.
“The resulting inertia in pricing means sales tend to reduce when demand weakens.”
You can download the TwentyEA Property & Homemover Report here.
