The UK Property Market

The UK Property Market

Update for Week 28 of 2025

✅ Listings (New to Market) 34.3k new listings this week (Down from 35.9k last week)YTD listings are 4.4% higher than 2024 YTD and 7.2% above the 2017–19 YTD average(1.037m YTD vs 993k in 2024)


✅ Price Reductions 25.6k reductions this week. That’s still only 1 in 7.1 homes on the market being reduced monthly (14.1%).

For context:
• 14% in June & 13.4% in May
• 12.1% average in 2024
• Long-term 5-year average: 10.6%


✅ Sales Agreed - 26.3k homes sold STC this week (↓ from 26.4k last week)

YTD agreed sales:
• 7.6% up on 2024 (743k vs 691k)
• 14.6% up on pre-Covid average (648k in 2017–19)


✅ Sell-Through Rate (June, in arrears)- 15.3% of properties on the market went SSTC in June. That’s down from 16.1% in May 2024 average: 15.3% ... 8-year average: 17.9%


✅ Sale Fall-Throughs - 6,494 fall-throughs last week (from a 496k SSTC pipeline). Fall-through rate as % of gross sales: 24.7% (down from 25.9% last week). Slightly worse than the long-term average of 24.2%, yet far below post-Truss chaos levels (40%+)


✅ Net Sales - 19.8k net sales this week (Up from 19.6k last week)

Weekly average for 2025: 20k

YTD Net Sales:
• 568k in 2025
• +5.8% on 2024 YTD (537k)
• +10.5% on 2017–19 YTD (514k)


✅ % Chance the Home will Sell

June stats showed 51.3% of UK Homes that left the estate agents books in June 2025, exchanged contracts (ie the agent got paid and the home moved on completion), the remaining 48.7% left Estate Agent books, unsold and homeowner staying in their home.

NB - this June stat will change throughout July as more dates comes through.


✅ Stock Levels (For Sale and Sales Pipeline) - 1st of the Month

758k homes on the market at the start of July - 8.3% higher than July 2024
496k homes in Estate Agents sales pipelines - 4.9% than than July 2024


✅ House Prices (measured by £/sq.ft)

£346.45/sqft on Sales Agreed in June 2025 - 2.46% higher than June 2024 and 1.48% higher than June 2022.


✅ Rental Stats

June 2025 with an average rent of £1,826 pcm (June ’24 figure £1,758)

If you would like to chat about our local property market, feel free to drop us a line on +44 1752 222060 or email us on info@smeatonhomes.co.uk.

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