Whether you have heard it said directly, or just gleaned it from general commentary, you’ll no doubt have the sense that it’s been a tough year for the Edgware property market.
Cost-of-living pressures, global uncertainty fuelled by geopolitical events, a change of Prime Minister, and a prolonged summer heatwave have added up to a slower-than-usual few months.
And let’s admit it as estate agents: it has been a particularly challenging period.
Transaction numbers are the clearest indicator. Looking at data provided by Dataloft, we can see that since March 2026, transaction numbers in Edgware have consistently been lower than a year earlier; March 2026 sales figures were 15% lower than March 2025, April 2026 was 13% below April 2025, and May 2026 was also 13% lower than May 2025.
Nevertheless, those local market figures are more encouraging than the overall figures for Greater London, which has seen a far wider gap between 2026 and 2025 numbers (around 30% reduction in sales numbers between March and May compared to the same period in 2025), but has also seen transaction numbers below the previous year since December 2025, not just since March.
It’s a small thing, but still reassuring from a local perspective. And better still, whilst we have not yet seen land registry data to tell us how June, July and of course, August 2026 compare, anecdotally we can say the numbers seem a little more positive again.
Buyers are registering in greater numbers and becoming much more active in arranging viewings.
In fact, whilst transaction numbers in Edgware reached their lowest ebb in March this year, we can at least identify one significant factor that contributed to that market hesitation: the very serious escalation of the conflict in Iran. Uncertainty was high, mortgage rates immediately spiked, and we know that a significant number of sellers paused their plans.
That market logjam looks to be clearing, with listing numbers increasing month by month here since then other than July – and currently being 17% higher than this same time last year.
In fact, there are 1,131 properties currently listed for sale in Edgware alone, let alone across North London. Our local market is in a good position to take advantage of what is normally a busy autumn market.
And that is a market which may be about to hear its starting gun fire.
More Than Just a Long Weekend
The August Bank Holiday tends to be more than simply an extra day off work and a nice long weekend.
It signals the near end of the school summer holidays – a reminder that life is about to return to a bit of normality, especially this year after what has been an extraordinarily sunny summer.
It is also a subtle nudge for anyone who harboured hopes of moving home this year: time is running out. We’ve got fewer than four months until Christmas!
But for anyone who does still wish to move home in 2026, that’s not a reason to panic. The average time on market before agreeing a sale on a property here in Edgware currently sits at 63 days. That is around 40% quicker than just a month earlier in June 2026, when the time to sell was recorded at 103 days.
It means that if you were putting your property on the market over this Bank Holiday weekend, that would see your sold board going up, on average, by around the end of October, still with around six weeks to hope to get the legal work through by Christmas if that is the goal – and after three decades in this game, I know that for many people, it is.
Not impossible, with a great lawyer and ready finances – although with conveyancing times in England currently closer to four months, it is an ambition that we can’t easily recommend anyone sets their heart on.
Why September So Often Delivers
Bank Holiday weekends provide many people a brief moment of respite from their busy lives. An opportunity to rest and to reset.
The August Bank Holiday in particular, coming as it does two-thirds of the way through another year, can act as a moment of reflection. It is a moment in time when online browsing begins to seriously spike. An inflection point.
It might start as a bit of idle scrolling from the comfort of the sofa, picturing what next year could look like… but that can escalate to registering, enquiring for details, and then booking viewings born from a curiosity which, now unfettered, feels more like a mission by the time that innocent idle browser gets to the end of next week.
Realistically, September has traditionally been one of the busiest months in the property calendar as a result – not only in terms of new listing activity, but also in terms of buyer registration, viewing numbers and sales being agreed.
That pattern is quite evident year after year, and this year we also expect to see plenty of new properties hit the market across North London over the course of both September and October.
The Numbers that Matter
Right now, as mentioned already, there are 1,131 properties on the market locally, and if history tells us anything, that number is about to swell. Average mortgage rates have risen, standing a little higher than they were a month or two ago, but there are still competitive deals out there – especially once buyers are armed with 20% deposits or better.
This all looks like a very functional market – especially when combined with clear signs of pent-up demand from buyers who’ve been waiting for the right moment to get on with their move.
If you’ve been thinking about selling this year, perhaps this Bank Holiday weekend will also feel like a natural moment to start that conversation again. Getting your home on the market now means catching the September and October wave rather than watching it from the sidelines.
If you would like to talk through your options for selling your Edgware home in an unpressurised way, get in touch with us today.