Let’s delve into this week’s UK property market update, examining the essential statistics and what they tell us about the current state of the industry. We’ll provide a comprehensive analysis of the latest data, from new properties coming to market to sales that complete.
Listings: A Consistent Inflow of New Properties
The market saw 41,300 new listings this week, a slight increase from last week’s 40,600. This consistent inflow means that year-to-date (YTD) new listings are 6% higher than Week 20 of 2024 and 9% higher compared to the 2017, 2018, 2019 average.
Price Reductions: Maintaining a Steady Rate
Price reductions continue to be a factor, with 27,200 reductions recorded 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 was 12.1%, and the long-term 5-year average is 10.6%.
Total Gross Sales: Strong Momentum Continues
UK homes sold STC (Sold Subject to Contract) reached 28,900 this week, a marginal increase from last week’s 28,800. The YTD figures highlight continued strong performance: the number of Sold STC residential homes is 9% higher compared to 2024 (527,000 sales agreed 2025 vs. 484,000 2024) and 17% higher than 2017, 2018, 2019 levels (399,000).
Sell-Through Rate: April’s Performance
April’s sale run rate was 15.36% of residential stock sold STC. This means 15.36% of estate agents’ properties on the market went sale agreed. March’s rate was 16.3%. The 2024 monthly average was 15.3%, and the long-term 8-year average is 17.9%.
Sale Fall-Throughs: Below the Long-Term Average
There were 6,618 sale fall-throughs last week from a residential sale sales pipeline of 453,000 UK homes sold STC. As a percentage of gross sales for the week, this stands at 22.9% (compared to 22.7% last week). This figure is below the 7-year average of 24.2% and significantly lower than the 40%+ levels seen post-Truss Budget in Autumn 2022. In April overall, 5.51% of sales in UK agents’ pipelines fell through, compared to a 2024 average of 5.36%.
Net Sales: Consistent Growth Year-to-Date
Net sales (gross sales less fall-throughs) were 22,200 this week, matching last week’s figure. This is above the 2025 weekly average of 20,000. The 2025 net sales are 6% higher than 2024 and 11.5% higher than 2017, 2018, 2019.
Overall Market Sentiment
This week’s data indicates a continuation of steady activity in the UK property market. With consistent new listings, strong agreed sales figures, and net sales showing positive year-to-date growth, the market appears to be maintaining a healthy pace.
Frank Marketing: Your Property Market Partner
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