There were more than 100,000 house price reductions in April, making a total of nearly 388,000 so far this year.

This is according to the latest data from TwentyEA which shows numbers currently tracking 20.6% higher year on year.

In April 2025, the number of reductions hit 104,794, which is higher than all previous Aprils going back to 2019.

At the peak of the recent property boom – particularly around April 2021 – when the stamp duty holiday was in effect, only 51,376 sellers reduced their asking prices.

TwentyEA states that if a comparison is made between the volume of price reductions to the number of new instructions, a timely proxy for the percentage of properties likely to undergo price reductions is offered.

In April 2025, this figure was 65%, higher than any previous April back to 2019. While the reductions weren’t necessarily applied to April’s new instructions, the ratio highlights the scale of reductions relative to overall market activity.

TwentyCI executive director Katy Billany commented: “While price reductions have been an ongoing trend, it’s particularly notable how many were recorded in April, coinciding with the end of the reduced stamp duty rate on March 31.

“We’ll be closely monitoring whether this regulatory change leads to further reductions and a broader cooling of the market. So far this year, however, demand has remained strong. Over 437,000 sales have been agreed that is 7.1% higher than in 2024 – marking the highest demand level since 2022.”

But as Mortgage Strategy reported earlier this week, while some house sellers might be prepared to reduce their prices to secure a timely sale, many are overly ambitious (or unrealistic) when initially putting their house up for sale.