The UK property market is constantly changing, and this week’s data shows a dynamic market with several factors at play. Let’s take a look at this week’s numbers and break down the key trends in the UK property market.
New Listings on the Rise
The number of new properties entering the market is showing positive momentum. This week saw 41,300 new listings, an increase from 39,700 the previous week. This represents a 7% increase compared to Week 13 of 2024, and a significant 10% rise compared to the 2017, 2018, 2019 period. This influx of new properties offers more choices for buyers and could indicate increased seller confidence.
Price Reductions in Focus
Price adjustments remain a notable aspect of the market. This week, 26,600 price reductions were recorded. Approximately 1 in 7.46 of residential sales stock per month is experiencing a price reduction, representing 13.4% of the market. While the 2024 average stands at 12.1%, the long-term 5-year average is 10.6%. This suggests that sellers are having to be realistic with their pricing to attract buyers.
Sales Volumes Remain Strong
Despite slight fluctuations, the volume of agreed sales remains robust. 27,600 UK homes were sold STC this week, slightly down from the near 3-year record-breaking 28,000 seen last week. However, the year-to-date figures paint a positive picture, with sales 13% higher than 2024 and 23% higher than the 2017, 2018, 2019 levels.
Sell-Through Rate Analysis
In March, the sale run rate was 16.3% of residential stock sold STC. This means that 16.3% of estate agents’ properties on the market went sale agreed. The 2024 monthly average is 15.3%, compared to a long-term 8-year average of 17.9%.
Fall-Throughs: A Factor to Consider
Sale fall-throughs are an inevitable part of the property market. Last week, 6,563 sales fell through from a residential sale sales pipeline of 467,414 homes sale agreed (sold STC). Looking at fall-throughs as a percentage of gross sales, this week’s figure is 23.7% (compared to 22.5% last week). This is just above the 7-year average of 24.2%, but significantly lower than the 40%+ levels seen post-Truss Budget in Autumn 2022. Last month, 5.75% of sales in UK agents’ pipelines fell through, compared to a 2024 average of 5.36%.
Net Sales Overview
Net sales (gross sales less fall-throughs) reached 21,000 this week, slightly down from 21,700 last week, but above the 2025 weekly average of 20,100. Year-to-date, net sales are 10% higher than 2024 and 16.6% higher than the figures for 2017, 2018, 2019.
What Does This Mean for the Market?
The data suggests a market that is generally performing well, with increased listings and sales volumes exceeding previous years. However, price reductions and fall-through rates indicate that it’s not without its challenges. Sellers need to be mindful of pricing strategies, and buyers should be prepared for potential complexities in the transaction process.
Frank Marketing: Your Property Market Partner
At Frank Marketing, we understand the ins and outs of the property market. We provide expert guidance and marketing strategies to help you achieve your business goals. Contact us today to learn more about how we can make your brand stand out in the ever-changing property market.
