The UK Property Market
Week 40 of 2025
New Listings• 32.7k new properties came to market this week, down as expected from 34.3k last week.
• 2025 weekly average: 36.1k.
• Nine year week 40 average :33.4k
• Year-to-date (YTD): 1.44m new listings, 2.2% higher than 2024 YTD (1.41m) and 10% above the 2017–19 average (1.31m)
Price Reductions• 24.6k reductions this week, slightly higher to last week at 25.6k.
• Increase in the number of homes on the market being reduced in September to 14.1%. In August, it was 11.1% (everyone must have been on holiday!), whilst it was 14.1% in July and 14% in June.
• 2025 average so far: 13.2%, versus the five-year long-term average of 10.74%.
Sales Agreed• 24.8k homes sold subject to contract this week, down as expected from 25.6k last week.
• Week 40 average (for last 9 years) :24.8k
• 2025 weekly average : 26.1k.
• YTD: 1.044m gross sales, which is 5.1% ahead of 2024 (994k) and 13.2% above the 2017–19 average (922k).
Price Diff between Listings & Sales• Average Asking Price of listings last week £432k vs Average asking price of Sales Agreed (SSTC) - £364k
• 18.7% difference (long term 9 year average is 16% to 17%)
Sell-Through Rate• 14.1% of homes on agents’ books went SSTC in September.
• Down from 14.5% in Aug, 15.4% in July, 15.3% in June, and 16.1% in May.
• Pre-Covid average: 15.5%.
Fall-Throughs• 6,262 fall-throughs last week (pipeline of 510k home Sold STC).
• Weekly average for 2025: 6,562.
• Fall-through rate: 25.3%, up from 24.6% last week.
• Long-term average: 24.2% (post-Truss chaos saw levels exceed 40%).
Net Sales• 18.5k net sales this week, up from 19.4k last week.
• Nine-year Week 40 average: 18.2k.
• Weekly average for 2025: 19.9k.
• YTD: 795k, which is 4.3% ahead of 2024 (762k) and 10% above 2017–19 (724k).
Probability of Selling (% that Exchange vs withdrawal)• Preliminary September Stats : 52.7% of homes that left agents’ books exchanged & completed. (Note this will change as more September stats come in in throughout October)
• August :55.8% / July: 50.9% / June: 51.3% / May: 51.7% / April: 53.2%.
Stock Levels• 751k homes on the market at the start of October, 4% higher than October 2024. (723k)
• 510k homes in sales pipeline on the 1st October, 2% higher than 12 months ago.
House Prices (£/sq.ft)• October 2025 agreed sales averaged £336.54 per sq.ft.
Rentals• Average Monthly Rents by region
· East Midlands - £1,070 (Growth since 2016) - 46.2%
· East Anglia - £1,396 (Growth since 2016) - 30.7%
· Inner London - £3,113 (Growth since 2016) - 24.9%
· North East - £968 (Growth since 2016) - 27.7%
· North West - £1,318 (Growth since 2016) - 64.1%
· Northern Ireland - £961 (Growth since 2016) - 41.1%
· Outer London - £1,948 (Growth since 2016) - 22.3%
· Scotland - £1,157 (Growth since 2016) - 52.2%
· South East - £1,619 (Growth since 2016) - 26.2%
· South West - £1,354 (Growth since 2016) - 48.3%
· Wales - £1,092 (Growth since 2016) - 44.4%
· West Mids - £1,092 (Growth since 2016) - 35.1%
· Yorks & Humberside - £1,031 (Growth since 2016) - 36.2%
• Average UK rent in September - £1,846 - a growth 2.44% from Sept 2024
• 297k rental properties were available in Sept ’25 (286k - Sept 24 & 229k in Sept ’23)
If you would like to chat about our local property market, feel free to send us an email at info@smeatonhomes.co.uk