Transonic aeroelasticity remains a significant challenge in aerospace. The coupling mechanism of aeroelastic problems involving the coexistence of fluid modes and multiple structural modes still needs further investigation. For this purpose, we analysed the dynamic characteristic of a two-degree-of-freedom (2DOF) NACA0012 airfoil in pre-buffet flow. First, we constructed an aeroelastic reduced-order model, which can represent near-unstable transonic flow using the dominant fluid mode. Then, the flutter mechanism was investigated by studying the main eigenvalues of the model that vary with the natural pitching frequency. The results revealed that the existence of the fluid mode transitions the transonic flutter type from coupled-mode flutter to single-DOF (SDOF) flutter, which leads to a reduction in the flutter boundary. Under the effect of the fluid mode, the system produces six aeroelastic phenomena at different structural natural frequencies, including SDOF heaving/pitching flutter, heaving/pitching instability within coupled-mode flutter, forced vibration and stable state. Moreover, we identified two types of SDOF flutter in the 2DOF system. The first type corresponds to the traditional SDOF flutter, where the coupling of other modes has a small impact on the system's stability in most cases. However, within specific ranges of natural frequencies, this type of SDOF flutter may disappear due to coupling with other modes. The second type of SDOF flutter is characterized by strong coupling dominated by the unstable mode. It arises from the interaction among the flow, heaving and pitching modes, and does not manifest in the absence of any of these modes.