Market is suddenly flooded with properties

Hello everyone,

I am in process of buying at the moment, i have noticed since the start of december 24, it feels like something big is going on.

I finalised a property in RG2, Arborfield. Mostly new built, and since our offer got accepted, property started showing up, as much as multiple properties on same streets. People are reducing prices like crazy, 550 comes down to 520, 525 to 500. Looks unreal. Whats going on? Any problem with the area? General market situation overall in UK? Any insight?