Four in 10 homes for sale in England have had their asking price cut, with reduced listings up 3.6% since August, eXp UK finds

eXp UK's analysis, published on 21 October, counts 165,647 of 403,962 homes listed for sale in England (41%) with at least one asking-price reduction, up by 5,786 listings, or 3.6%, since August. The South East has the highest share at 43.9%, and the East of England sits at 42.2% after a 6.2% rise since August, while London and the North East barely moved. For sellers, it suggests ambitious opening prices are increasingly being corrected once a home is on the market, which tends to lengthen the time to sale; for buyers, it points to more room to negotiate on homes that have sat unsold. The analysis does not set out its data source or method, and a reduction is a change in asking price, not a fall in the prices homes actually sell for.