Fewer sales, slower market: what it means for renters
The housing market has slowed sharply. Cotality estimates sales over the past three months were about 23% below the same time last year, and the typical home takes 39 days to sell.
A slower market
Source: Cotality Home Value Index, November 2026. New listings are almost 18% below average.
| vs a year ago | -23% |
| vs 5-year average | -18% |
| New listings vs average | -18% |
Why it matters for renting
When homes are slow to sell, some owners choose to rent them out, or rent out a room, instead of selling at a lower price. That can add a little rental supply over time.
Why the market has slowed
Higher interest rates have reduced what buyers can borrow, so fewer homes are selling and those that do take longer. Cotality notes homes are now taking 39 days to sell, the longest since 2020, and sales are well below their usual pace.
A slow sales market often nudges some owners toward renting instead, either renting out the whole home or a spare room, which can add to rental choice over time.
Tips for owners thinking of renting out a room
- Write a clear listing: room size, furniture, bathroom setup and what bills are included.
- Use good, bright photos. The first photo matters most.
- Decide your house rules before you advertise.
- Reply to enquiries quickly; renters often message several listings at once.
What it means for you
Owners: if you're not ready to sell, a room can help cover costs while you wait. Renters: keep an eye out for newly listed rooms in homes that didn't sell.
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Figures are from the sources above at the time of writing. This article is general information, not financial or legal advice.