Welcome to the latest episode of the UK Property Market Stats Show, your go to weekly ‘TV show’ on the UK Property Market.
This week, I am joined by Steph Walker-Vass, boss lady of TAUK, as we delve into the key property market headlines for 23rd week of 2025 ending on the 15th June 2025.
✅ Listings (New Properties on the Market)
37.6k new listings this week (last week 39.3k)
YTD 5% higher than Week 23 of 2024 YTD and 8% higher YTD compared to 2017/18/19.
✅ Price Reductions (% of Resi Stock)
27.4k Price Reductions this week (last week 27.9k)
Monthly Run Rate in reductions – 1 in 7.1 of Resi Sales stock per month is being reduced (which represents 14%)) …13.4% the month before
For comparison, 12.1% average in 2024, though the long-term 5-year average is 10.6%.
✅ Total Gross Sales (Agreed Sales)
28.1k UK homes sold STC this week (last week 28.6k)
YTD – The number of Sold STC Resi homes are 8% higher compared to 2024 (608k Sales agreed YTD 2025 vs 562k YTD 2024) and 16% higher than 2017/18/19 YTD levels (524k).
✅ Sell-Through Rate (Monthly in Arrears)
May’s sale run rate of 16.1% of Resi stock sold stc (ie 16.1% of Estate Agents properties on the market went sale agreed). 15.36% last month
2024 monthly average: 15.3%. Long term 8 yr average: 17.9%.
✅ Sale Fall-Throughs
6,421 Sale fall-thrus last week from Resi Sale Sales Pipeline of 479k UK homes sale agreed (sold stc).
Another method is that week’s sale fall thrus as a % of gross sales that week. This week, that is 22.8% (last week 23.5%). That is below the 7-year average of 24.2%, and well below the 40%+ levels post-Truss Budget (Autumn 2022).
May’s figure 5.84% of sales in the UK agents pipelines fell thru. For comparison, April ’25 – 5.51%. 2024 average: 5.36%.
✅ Net Sales (Gross sales for the week less Sale Fall Thrus for the week)
21.7k net sales this week (21.9k last week), compared 2025 weekly average of 20k.
2025 YTD is 6% higher than compared to 2024 YTD and 11.4% higher than YTD 2017/18/19.
Local Focus this week
Southport
Sales agreed are up 8% on last year and 16% higher than pre-Covid norms.
So why does it still feel harder out there?
Thoughts??
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We’re listing more homes than ever, but selling just 16% of them each month.
Is that a stock boom… or a symptom of nationwide overvaluing?
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I’ve been in the market to purchase a property for 9 months and it’s clear to me that many agents have lost the plot with their valuations. The asking prices on some properties is laughable. I see desireable houses on sale for months and months with no interest and unsurprisingly the price getting reduced and reduced. I think buyers have cottened on to it and are just walking away from silly prices. I sold a property 9 months ago and invited two agents to market it. I had valued it at £280k, based on previous sold prices and the price trend of similar properties in the area according to Land Registry. One wanted to advertise it at £340k, the other at £360k. I decided I was better off not using an agent. I had lots of interest and sold it to a motivated buyer for £10k over my asking price within a week. I think agents just need to wake up and smell the coffee.
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Land Reg figures are not up to date with sold prices. You called in two, I would assume, local Estate Agents who must have a decent market share and presence in your area (or you would not have invited them round in the first place) who both suggested a not too dissimilar marketing figure. Not surprised then that you sold it for £10,000 over your asking price. Most Agents will tell you that very few properties are achieving asking price at the moment so your asking price was obviously far too low. Well done on saving the commission though!!
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If a home has a sale agreed within 25 days, it has a 94% chance of getting through to exchange.
If it takes over 100 days to achieve a sale agreed, that drops to 56%.
Still happy taking on listings of unmotivated vendors to “test the market”?
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Soooooo many properties on the market.
I wonder how many viewings the average buyer does before they make an offer.
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The other way around, I have known some flats, often 1 bedrooms flats, have 50 viewings to a sale. At a minimum fee, selling flats is not sustainable.
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