February 2026 Property Market Update – Sales

February saw house prices stabilise following a very strong start to the year in January.

The average asking price remained virtually unchanged at £368,019, with just a negligible monthly shift . While this might sound like a slowdown, it’s important to view it in context — prices are still 2.8% higher than December, making this the strongest start to a year since 2020 .

This pause reflects a more balanced market. After a surge of confidence in January, February brought:

• More homes coming to market
• Increased competition between sellers
• Buyers becoming more price-sensitive

Mortgage rates remain supportive, averaging around 4.28%, significantly lower than last year , helping maintain buyer affordability.

What’s happening in the West Midlands?

Looking at the regional picture (page 6) :

• Average asking price: £292,796
• Monthly change: +0.5%
• Annual change: +1.3%
• Average time to secure a buyer: 82 days

The West Midlands continues to show steady, sustainable growth.

In Solihull, we’re seeing:

• Strong levels of available stock (more choice for buyers)
• Continued demand — but buyers taking more time to decide
• Greater importance on realistic pricing

This is no longer a “rush market” — it’s a competitive, price-led market.

 How long are homes taking to sell?

Nationally, homes are taking around 81 days to secure a buyer , and in the West Midlands this sits at around 82 days .

This reflects:

• More choice for buyers
• Less urgency compared to last year’s stamp duty rush
• A more considered decision-making process

For sellers in Solihull, this means:

• Pricing right from day one is key
• Overpricing leads to longer time on the market
• Presentation and marketing really matter

What’s likely to happen next?

As we move into spring — traditionally the busiest time of year — the outlook remains positive but realistic.

Key trends shaping the market:

• Stock levels are at an 11-year high, increasing competition
• Wage growth (+4.7%) is improving affordability
• Mortgage products are becoming more flexible

Overall, 2026 is shaping up to be a good year to buy and sell, but success will come down to strategy.

For Solihull homeowners, this is a market where correct pricing and positioning will determine results.

Get in Touch

Thinking of buying or selling in Solihull or the wider West Midlands?

https://wa.me/message/4GOLW6NBD6KML1
enquiries@hshomes.uk
0121 430 4448