Welcome to your July Newsletter

Welcome to your July Newsletter




The pricing reality: Properties selling in 32 days vs 99 days

Numbers in property reporting are often treated as background noise. Averages, indices, month-on-month changes: they accumulate and blur. But occasionally a pairing of figures is stark enough to cut through, and the gap between 32 days and 99 days is one of them. That is the difference between how long it takes a correctly priced property to find a buyer and how long it takes one that has required a price reduction. It is not a marginal difference. It is a gap of more than two months, and it has direct, measurable consequences for every seller it applies to.

Why accurately priced homes move faster
A property that launches at an accurate price captures the full attention of its buyer pool in the first two to three weeks on the market. Buyers with alerts set up see it immediately. Agents contact their registered applicants. The listing appears prominently as something new and relevant. That early window generates the viewings and, in a well-functioning market, the offer.

The pattern is consistent and not coincidental. Markets where prices are well calibrated to buyer budgets move quickly. Where sellers are asking above what buyers are prepared to pay, properties sit longer, and those that sit longest are almost always the ones that eventually reduce.

What the 99-day figure actually reflects
A property that launches above market value generates a different kind of response. Buyers who have been actively researching their target area for weeks or months recognise the overpricing and look elsewhere. The early window passes without converting. Days become weeks, and weeks become months. When a price reduction does follow, buyers who return tend to arrive with a negotiating posture shaped by the knowledge that the seller has already moved once.

The result is a longer process and, in most cases, a lower final achieved price than accurate opening pricing would have produced. For sellers who are also purchasing simultaneously, the chain implications of that delay compound the difficulty further.

What the current market means for pricing
The market heading into summer 2026 is functioning well, but it is more measured than the supply-constrained conditions of 2021 and 2022. Buyers have more choice than they have had for several years, and they are using that choice carefully. Mortgage rates, while improving gradually, remain a consideration for many purchasers, which means buyers are assessing value with more scrutiny than in a faster-moving market.

In these conditions, a property that is not competitively priced is not simply waiting a little longer for its buyer. It is actively being passed over in favour of alternatives that represent clearer value. The gap between 32 days and 99 days is wider in a buyer-friendly market, not narrower, which makes the pricing decision at launch more consequential than ever.

What sellers can do with this information
The most useful thing a seller can take from this data is a clear-eyed approach to valuation. Comparable sold prices from the past three months, not asking prices visible on portals, and not what a neighbour achieved in a different market, are the appropriate benchmark. An agent who supports their recommended price with specific, recent sold evidence is giving you a figure grounded in current reality. One who gives a number at the top of a range without supporting data is giving you something considerably less reliable.

Pricing accurately does not mean undervaluing a property. It means arriving at a figure that reflects what motivated buyers in the current market will pay for your specific home. Do that, and the evidence points to finding a buyer in around a month. The 32-day outcome is not reserved for exceptional properties. It is consistently the result of preparation, presentation, and a price set with evidence rather than aspiration.

Get in touch to sell with the right strategy



Supply reaches 11-year high: What this means for buyers and sellers

The defining structural shift in the UK property market in 2026 is not interest rates, though they matter. It is not the Renters' Rights Act, though it has changed the lettings landscape significantly. It is the volume of homes available for sale, which has reached its highest level in approximately eleven years. That figure recalibrates the market in ways that are practical, immediate, and different depending on which side of a transaction you occupy.

How supply reached this point
The current level of available stock reflects a convergence of several factors rather than a single cause. The stamp duty deadline of March 2025 accelerated a significant volume of transactions into the first quarter of last year, which pulled purchases forward and temporarily reduced available listings. As that wave cleared, new supply has continued to come to market at a pace that has consistently outrun buyer demand in 2026. Sellers who had been waiting through the period of elevated mortgage rates in 2023 and 2024, reluctant to move when their own purchase costs were high, have returned to the market as borrowing conditions improved.

At the same time, the lettings market has released some supply. Landlords facing increased regulatory obligations under the Renters' Rights Act and approaching EPC compliance requirements have made portfolio decisions that have placed additional properties on the sales market. While this effect is not uniform, it has contributed to the overall stock build in certain areas and property types.

What it means for buyers
For buyers, eleven years' worth of peak supply is genuinely good news and represents a shift from the conditions that characterised the market for most of the previous four years. Choice has returned in a meaningful way, and with it a set of advantages that were largely unavailable to buyers in 2021 and 2022.

More stock means more time. Properties are staying on the market longer on average, which gives buyers the opportunity to view, consider, and return for second visits without the pressure of near-immediate competition from other parties. Decisions can be made with more information and less urgency.

More stock also means more negotiating room. Sellers who are motivated to transact in a market where buyers have genuine alternatives are more likely to engage constructively on price, timing, and what is included in the sale. Buyers who are financially prepared and approach negotiations with clear, evidence-based offers are in a stronger position than at any point since before the pandemic.

The caution worth noting is that the additional supply is not evenly distributed across property types and locations. The most desirable homes, well-presented, accurately priced, and in genuinely sought-after positions, are still attracting competition and moving within normal timeframes. The elevated stock figure reflects an accumulation of properties that are overpriced, require significant work, or face specific demand challenges in their area. Knowing the difference between a genuinely good opportunity and a property that has simply been available for a long time is the key skill for buyers navigating this market.

What it means for sellers
For sellers, the eleven-year supply high is the most important single piece of context for understanding the current market. A buyer standing in your property has more alternatives available to them than at any point since 2015. That reality does not make it a bad time to sell, but it does make the decisions around pricing and presentation more consequential than they were in a supply-constrained market.

Properties that are priced in line with recent comparable sold prices are still selling at a healthy pace. The data consistently shows that accurately priced homes are finding buyers well within two months, while those that have been launched above market value are accumulating time on the market and, in most cases, eventually reducing. The final achieved price on an overpriced-then-reduced property is consistently lower than a well-judged opening price would have delivered, and in a market with this level of choice, buyers who return to a reduced listing tend to negotiate from a position of strength.

Presentation carries proportionally more weight in a supply-rich market. When buyers have options, the properties that convert viewings to offers are those that make the strongest immediate impression. Professional photography, a decluttered and well-maintained interior, and a garden or outdoor space that is shown at its best are not embellishments. In a market where buyers have eleven years' worth of choice, they are the difference between a property that competes effectively and one that does not.

The broader outlook
Supply at an eleven-year high is a normalising force in a market that was structurally undersupplied for much of the period since 2015. For buyers, it is an opportunity that is real but not indefinite. Mortgage rates are gradually easing and demand is recovering, which will gradually absorb some of the excess supply over the remainder of 2026. For sellers, it is a prompt to enter the market with clarity about pricing and preparation rather than an expectation that demand will do the work that strategy should.

Whether you are buying or selling, talk to our team about how to navigate the current market



The buyer's checklist: Essential questions before viewing

There is a particular kind of viewing that almost every buyer recognises in retrospect: the one where you walked around, admired the kitchen, noted that the bedrooms were a good size, and left without finding out anything that actually mattered. Viewings feel informative when they happen and can be surprisingly thin on substance when you try to remember what you actually learned. The remedy is preparation, and it begins before you step through the door.

Before you book the viewing
The most useful research happens before you arrive at the property. Checking the listing history of a property on Rightmove or Zoopla, using the price history or listing history tools available on both platforms, tells you whether the property has been on the market before, for how long, and at what price. A property that has been listed and withdrawn multiple times, or that has been on the market for considerably longer than comparable homes in the area, is worth understanding before you invest time in a visit.

Check the Land Registry sold price history for the property and its immediate neighbours. Understanding what the home last sold for, and when, gives you useful context for assessing the current asking price. It is also worth confirming the tenure before viewing. Leasehold properties carry implications around service charges, ground rent, and lease length that are fundamental to the purchase decision and worth knowing in advance.

Questions to ask the agent before you arrive
A brief conversation with the listing agent before the viewing can save considerable time and reveal information that does not appear in the listing. Ask why the seller is moving, how long the property has been on the market, and whether there have been any offers that did not proceed and why. Agents are not obliged to share all of this, but many will provide useful context if asked directly.

Ask whether the seller has a related purchase and whether they are in a chain. A seller who has already found their next home is typically more motivated to proceed than one who is still searching. A long or complex chain is a material factor in whether a sale completes smoothly and within a reasonable timeframe. Understanding this before you develop an attachment to a property is genuinely useful.

During the viewing: What to look at beyond the obvious
Most buyers instinctively assess room sizes, natural light, and storage. The things worth examining more carefully are those that are easier to miss in the flow of a viewing. Check the condition of the windows, particularly the seals on double glazing and the state of any timber frames. Look at the ceilings and corners of rooms for any signs of damp or water ingress, which can indicate roof or plumbing issues. Examine the condition of the boiler, ask when it was last serviced, and check whether a service record is available.

Note where the property sits in relation to neighbouring buildings. North-facing gardens and rooms that are shadowed by adjacent properties for much of the day are details that photographs do not always communicate accurately. If the property has a garden, visit it and assess its size, condition, and aspect directly rather than from the listing images.

Questions to ask during the viewing
What is included in the sale? Fixtures, fittings, white goods, and garden structures are not automatically included and can be a source of late-stage disagreement if not clarified early. Ask specifically about anything you would assume to be included.

How old is the roof, and when were the electrics last tested? An Electrical Installation Condition Report should have been carried out within the past five years for any rented property and is increasingly common for owner-occupied sales. If one exists, ask to see it.

What are the utility costs? Sellers are not always forthcoming with this information, but a rough sense of monthly energy bills, particularly for older or larger properties, is relevant to your ongoing affordability calculation.

Are there any planning applications, disputes, or known issues with neighbouring properties? This question is most usefully put to the seller directly, if the opportunity arises, rather than solely to the agent.

After the viewing
If a property feels like a serious possibility, a second viewing is almost always worthwhile, ideally at a different time of day. Morning light, evening ambience, and the level of street noise at rush hour can all present quite differently from a Saturday afternoon visit. A second viewing with a trusted friend or family member who was not present the first time often surfaces observations that emotion or familiarity has filtered out.

The questions a buyer asks at the viewing stage are the ones that shape the offer, the survey scope, and the conveyancing process. Approaching each viewing with a clear set of priorities makes every one of them more productive.

Ready to find your next home? Talk to our team today