March 2026 Property Market Insights

The property market this March has shown reassuring resilience, even against a backdrop of growing global uncertainty following the Iran conflict. While it’s still too early to fully understand the long-term impact, the early signs are encouraging for both buyers and sellers across North West London.
 

Confidence Holds Firm Among Buyers and Sellers

A snapshot of current market activity reveals that the number of sales being agreed is just 2% behind this time last year (a period boosted by the Stamp Duty deadline) and 5% ahead of 2024 levels.

What does this tell us? Simply put: people are still moving.

Despite ongoing headlines around mortgage rates and the cost of living, buyers are continuing to commit, and sellers are still bringing homes to market. In fact:
 

• New listings are only 3% lower than last year

• And 7% higher than 2024

This steady flow of homes suggests seller confidence remains strong, with many taking advantage of the traditional spring selling window.

Buyer demand, while slightly softer than last year’s unusually busy market, has remained stable. Unlike previous shocks, such as the rapid mortgage rate rises seen in 2022, there has been no sudden drop in activity.
 

Pricing: A More Balanced Market Emerges

March has delivered the usual seasonal uplift in asking prices, with the average new listing increasing by 0.8% (+£3,023) to £371,042.

While this rise is typical for spring, the modest growth is telling.

We are now seeing the highest number of homes coming to market in over a decade, giving buyers more choice than they’ve had in years. As a result:
 

• Sellers need to be more realistic and competitive on price

• Overpricing is being corrected more quickly

• Buyers are regaining negotiating power

This is creating a more balanced and sustainable market after several years of intense competition.

What This Means for Sellers 

Current conditions highlight a shift in dynamics:
 

• The longest average time to sell at this time of year since 2013

• Increased competition between sellers

• Buyers who are more selective and price-conscious

If you’re thinking of selling, strategy matters more than ever. Pricing correctly from the outset is crucial, and strong marketing combined with a deep understanding of local demand can make all the difference.

Overpricing or “testing the market” can lead to longer selling times and may ultimately impact your final sale price.
 

Looking Ahead

While uncertainty is never ideal, particularly during a season when market momentum typically builds, the fundamentals remain strong.

We are still seeing active buyers, a steady flow of new listings, and deals being agreed.

In many ways, we are entering a more normalised market and one where preparation, pricing, and presentation are the key drivers of success.
 

Thinking of Moving?

If you’re wondering what your property could achieve in today’s London market, now is the time to find out. Spring momentum is here, and acting early could put you one step ahead.

Get in touch with our experienced team today:

02084 501633
[email protected]

We’re here to help you make your next move with confidence.

Source: Rightmove House Price Index March 2026.
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