Housing Prices Plummet as Supply Surges | Leeds News

Leeds News Today | 2 Min News | The Daily News Now! · Aug 17, 2026 · 1m

Home prices took a sharp dive last month, falling over seven thousand pounds on average — the biggest August drop in six years. Rightmove now predicts prices will stay flat or dip slightly by 2026, down from earlier forecasts of modest growth, as record-high inventory gives buyers more power. Sellers are adjusting by pricing lower or negotiating down on future homes to offset current offers. While buyer interest is rising slightly, uncertainty lingers due to shifting mortgage rates, global events, and upcoming budgets — especially in London, where affordability remains a hurdle. In rentals…