The UK Property Market
Update for Week 34
✅ Listings (New to Market)
29.1k new listings this week (Down as expected from 33.4k last week as it was August Bank Holiday).
2025 weekly average : 36.2k
YTD listings are 2.7% higher than 2024 YTD and 7.2% above the 2017–19 YTD average (1.23m YTD vs 1.2m in 2024 YTD)
✅ Price Reductions
17.5k reductions this week (down from 20.3k last week - again Bank Holiday).
That’s still only 1 in 7 homes for the month of August on the market being reduced monthly (14.1%)
For context:
• 14.1% in July, 14% in June & 13.4% in May
• 12.1% average in 2024
• Long-term 5-year average: 10.6%
✅ Sales Agreed
21.3k homes sold STC this week (down from last week at 25.3k - again Bank Holiday)
2025 weekly average : 26.2k
YTD agreed sales:
• 6.1% up on 2024 (893k vs 842k)
• 13% up on pre-Covid average of 788k (2017–19)
✅ Sell-Through Rate (July, in arrears)
15.4% of properties on agent’s books went SSTC in July. (August figures to follow next week)
Up from 15.3% in June. 16.1% in May
2024 monthly average: 15.3%
8-year overall average: 17.9%
✅ Sale Fall-Throughs
5,149 fall-throughs last week (from a 512k SSTC pipeline (units)).
Weekly average for 2025: 6,206
Fall-thru rate as percentage of gross sales: 24.1% (up from 24.3% last week).
The 9 year long-term average of 24.2% (post-Truss chaos saw that at levels of 40%+)
✅ Net Sales
16.2k net sales this week (Down from 19.1k last week - again Bank Holiday)
Weekly average for 2025: 20k
YTD Net Sales:
• 682k in 2025 which is 5% ahead of 2024 YTD figure of 649k and 9.8% up on 2017–19 YTD (621k)
✅ % Chance the Home will Sell (month in arrears)
July stats showed 50.9% of UK Homes that left the estate agents books in exchanged & completed contracts (ie the agent got paid and the home moved on completion), the remaining 49.1% left Estate Agent books, unsold and homeowner staying in their home. August figures to follow by mid September onwards
Comparison
Jun - 51.3%
May - 51.7%
April - 53.2%
NB - this July stat will change throughout August as more data comes through.
✅ Stock Levels (For Sale and Sales Pipeline) - 1st of the Month
763k homes on the market at the start of 1st August - 6.7% higher than 1st August 2024 (715k).
512k homes in Estate Agents sales pipelines on 1st August - 4% higher than than 1st August 2024
✅ House Prices (measured by £/sq.ft)
£344.78/sqft on Sales Agreed in July 2025 - 1.97% higher than July 2024 and 3.85% higher than July 2022.
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.