Welcome to your in-depth look at the UK property market! It’s important to note that this week’s data reflects an Easter week, which typically influences market activity. Therefore, many metrics are lower than usual. Let’s delve into the key highlights.
Listings: New Properties on the Market
This week saw 32,500 new listings, a decrease from the previous week’s 37,500. However, looking at the broader trend, year-to-date figures are 6% higher than Week 16 of 2024 and 9% higher compared to 2017, 2018, 2019 averages.
Price Reductions
There were 22,100 price reductions this week. The monthly run rate indicates that 1 in 7.5 of residential sales stock properties per month are being reduced, which represents 13.4%. For comparison, the 2024 average is 12.1%, and the long-term 5-year average is 10.6%.
Total Gross Sales (Agreed Sales)
22,800 UK homes were sold STC (Subject to Contract) this week, a slight decrease as expected due to the Easter weekend. Despite this weekly dip, the year-to-date figures show strength: the number of Sold STC residential homes is 11% higher compared to 2024 (417,000 sales agreed 2025 vs. 377,000 2024) and 19% higher than 2017, 2018, 2019 levels (351,000).
Sell-Through Rate
March’s sale run rate was 16.3% of residential stock sold STC. April’s statistics will be released next week. For context, the 2024 monthly average is 15.3%, and the long-term 8-year average is 17.9%.
Sale Fall-Throughs
There were 5,377 sale fall-throughs last week from a residential sale sales pipeline of 467,414 homes sold STC. Analysing fall-throughs as a percentage of gross sales, this week’s rate is 23.6% (compared to 22.5% last week). This is just above the 7-year average of 24.2%, but still significantly below the 40%+ levels seen post-Truss Budget in Autumn 2022. In March, the overall fall-through rate was 5.75%, with the 2024 average being 5.36%. April’s figure for this statistic will be announced next week.
Net Sales
Net sales this week were 17,4000 (compared to 19,000 last week), with the 2025 weekly average being 19,900. Again, it’s important to remember the Easter influence. Overall, 2025 net sales are 8% higher than 2024 and 13% higher than 2017, 2018, 2019.
Key Takeaways
The UK property market this week has been influenced by the Easter break, leading to reduced activity in some areas. However, the year-to-date figures generally indicate positive trends compared to previous years. We’ll continue to monitor these dynamics and provide you with the latest insights.
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