There is a growing shift taking place in the UK property market, and it is not one that can be ignored. While much of the national conversation focuses on house prices and interest rates, a quieter yet more revealing metric is beginning to stand out, how long properties are taking to sell.

When you have had your property on the market for a while, many sellers eventually face the same difficult decision: whether their asking price needs adjusting to reignite buyer interest.

Prices rose 0.8% in April, showing resilience despite high mortgage rates. Demand is slightly down, but sales remain steady and supply strong. Improved affordability and lending support buyers, especially first-timers, in a more balanced, competitive market.

The latest figures from the Office for National Statistics (ONS) suggest something rather unexpected. After years of worsening affordability, the picture has begun to improve. Wages have risen faster than house prices since 2021, nudging the headline affordability ratios in the right direction. On the face of it, that feels like progress.