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 Dip in New Properties This Week
This week saw 31,900 new listings, a decrease from last week’s 41,300. However, the year-to-date (YTD) trend remains positive, with new listings 5% higher than Week 21 of 2024 and 9% higher compared to the 2017, 2018, 2019 average.
Price Reductions: A Decrease in Volume
There were 21,500 price reductions this week, down from 27,200 last week. The monthly run rate for reductions continues to be 1 in 7.5 of residential sales stock per month, representing 13.4%. This compares to a 12.1% average in 2024, and a long-term 5-year average of 10.6%.
Total Gross Sales (Agreed Sales): Consistent Year-to-Date Growth
UK homes sold STC (Sold Subject to Contract) totalled 25,000 this week, a decrease from last week’s 28,900. Despite the weekly fluctuation, the year-to-date figures for Sold STC residential homes are strong, being 8% higher compared to 2024 (551,000 sales agreed 2025 vs. 511,000 2024) and 16% higher than 2017, 2018, 2019 levels (399,000).
Sell-Through Rate: April Figures Remain
April’s sale run rate was 15.36% of residential stock sold STC, meaning 15.36% of estate agents’ properties on the market went sale agreed. May’s figures are not yet available and will be released next week. For comparison, 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 Seven-Year Average
There were 5,441 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 21.7%, down from 22.9% last week. This figure is below the 7-year average of 24.2% and remains well below the 40%+ levels seen post-Truss Budget in Autumn 2022. May’s figures are not yet available, but in April, 5.51% of sales in UK agents’ pipelines fell through, compared to a 2024 average of 5.36%.
Net Sales: Slightly Below Weekly Average
Net sales (gross sales less fall-throughs) were 19.6,000 this week, down from 22,200 last week. This is slightly below the 2025 weekly average of 20,000. Despite this, 2025 year-to-date net sales are 5% higher than 2024 and 11.2% higher than 2017, 2018, 2019.
Overall Market Sentiment
This week’s UK property market data shows a slight cooling in weekly new listings and sales, though year-to-date figures continue to demonstrate growth compared to previous years. Fall-through rates remain favourable compared to historical averages.
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