The UK housing market has entered a new phase of price realism as sellers trim asking prices by an average of £10,000 in an effort to compete in a saturated market. The average listing dropped 1.3% in August to £368,740, extending a downward drift that began earlier in the summer. At the same time, lower borrowing costs and improving affordability are drawing more buyers back into the market, creating what analysts describe as a “two-speed market.” Some homes are selling within a month, while others stagnate for over three.