The Q1 2026 property market report for NW11 presents a picture of a market in transition, balancing increased activity with more realistic pricing. Supply has reached its highest level in years, giving buyers greater choice and easing the intense competition seen during the pandemic period. At the same time, asking prices have adjusted downward, reflecting a necessary recalibration from previously inflated expectations. Encouragingly, transaction volumes have rebounded strongly, indicating sustained demand for the area despite these pricing shifts. While some friction remains—particularly in the form of price reductions and slightly elevated fall-through rates—the overall direction is positive. The market is moving toward a healthier equilibrium, where pricing aligns more closely with buyer willingness, benefiting both committed sellers and well-prepared buyers.