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Rightmove's August 2026 House Price Index recorded the biggest August fall in newly-listed asking prices in eight years, down 2% in the month to an average of £364,999. Nationwide's own index told a steadier story, with annual growth ticking up slightly to 1.6%, but both point the same way: this is a market where sellers have to work harder for a sale than they did a year or two ago. None of this means your home will not sell. It means the sellers who do well from here are the ones who adjust their approach to match the conditions, rather than pricing and marketing as if it were still 2021. Here is what is actually happening and seven practical steps to sell well in it.
Buyers simply have more to choose from. London has the largest choice of homes for sale since 2010, and asking prices there fell 3.1% in August, the steepest drop of any region. The south of England was down 1.8%. Mortgage rates have not helped either: the average two-year fixed deal edged up during August, which keeps monthly budgets tight for buyers even where prices are softening. Rightmove has revised its own 2026 forecast down to somewhere between flat and a 2% fall for the year, citing rate movements, wider economic uncertainty and the upcoming Budget.
The practical effect is that homes are taking longer to find a buyer in most parts of the country, a trend we covered in more detail in our look at why house sales are taking longer in 2026. It is worth knowing the typical timeline for your own area before you set expectations. Our guide to average time to sell a house in the UK breaks this down region by region, and the gap between the fastest and slowest areas is wide. There is a small silver lining too: since Andy Burnham became Prime Minister in July, Rightmove has recorded a 5% uptick in buyer demand, even though activity overall is still running below last year's level. Serious buyers have not gone away. They have just become more selective about what they are prepared to pay for.
None of the following is complicated, but all of it matters more when buyers have plenty of alternatives to compare your home against.
It is tempting to take a below-asking offer personally, especially after a summer of falling asking prices nationally. Try to separate the number from the emotion. Ask your agent for the evidence behind the offer, such as what comparable homes have actually sold for recently, and weigh it against your own timeline and circumstances. A slightly lower offer from a proceedable buyer, with their own sale agreed and finances in order, is often worth more in practice than holding out for a higher figure from someone who is not yet in a position to move.
If you are a landlord rather than a homeowner, the calculation is a little different. Rising compliance costs under the Renters' Rights Act have pushed some landlords to sell up, and industry estimates suggest the private rented sector could have around 220,000 fewer homes available by the end of 2026 as a result. That trend is actually supporting rental demand and rents in many areas, which is worth weighing against a softer sales market before you decide to sell. If you are on the fence, it may be worth getting a rental appraisal alongside a sale valuation. Our tenant find service can help you see what the property would achieve if you let it instead, and our fully managed service is there if you decide to keep the property but would rather not manage it day to day yourself.
A slower market is not a closed market. Homes are still selling every day, including in London and the south where prices have fallen the most. The sellers who move fastest through it are usually the ones who price realistically from the outset, present their home well, stay flexible with buyers and get their paperwork ready before it is needed, rather than the ones who hold out for last year's prices and hope the market catches up to them.
Our sell your home service gets you a realistic, evidence-based valuation and full marketing on the major portals for a flat fee, with no percentage commission to erode your final price in a market where every pound counts.
Posted by

Nala
Head of Barketing
Wednesday, 9 September 2026