Let’s dive into the latest UK property market highlights. This week’s data offers valuable insights into current trends, from new listings and sales activity to price reductions and rental market dynamics.
Listings: Continued Upward Trend
New property listings for the week reached 37,700, a slight increase from last week’s 37,600. Year-to-date listings are now 5% higher than Week 24 of 2024, with 894,000 listings in 2025 compared to 852,000 in 2024. This also represents a 7.7% higher year-to-date figure compared to the 2017, 2018, 2019 average.
Price Reductions: A Minor Dip
This week saw 26,800 price reductions, a slight decrease from last week’s 27,400. The monthly run rate for reductions remains consistent at 1 in 7.1 of residential sales stock per month, which translates to 14%. This is compared to 13.4% the month prior. For broader context, the 2024 average was 12.1%, while the long-term 5-year average stands at 10.6%.
Total Gross Sales (Agreed Sales): Steady Growth Continues
UK homes Sold Subject to Contract (STC) this week totalled 28,300, a marginal increase from last week’s 28,100. Year-to-date, the number of SSTC residential homes is 8.2% higher compared to 2024 (637,000 sales agreed 2025 vs. 589,000 2024). This also marks a 16% increase compared to 2017, 2018, 2019 levels (550,000).
Sell-Through Rate: May’s Performance Holds Steady
May’s sale run rate was 16.1% of residential stock SSTC, meaning 16.1% of estate agents’ properties on the market went sale agreed. This is consistent with last month’s 15.36%. The 2024 monthly average was 15.3%, while the long-term 8-year average is 17.9%.
Sale Fall-Throughs: Below Long-Term Average
There were 6,570 sale fall-throughs last week from a residential sale pipeline of 479,000 UK homes SSTC. As a percentage of gross sales for the week, this figure is 23.2% , an increase from last week’s 22.8%. Importantly, this remains below the 7-year average of 24.2% and well below the 40%+ levels observed after the Truss Budget in Autumn 2022. In May, 5.84% of sales in UK agents’ pipelines fell through , compared to April 2025’s 5.51% and the 2024 average of 5.36%.
Net Sales: Consistent Positive Trend
Net sales (gross sales for the week less sale fall-throughs) totalled 21,700 this week, consistent with last week’s figure. This is above the 2025 weekly average of 20,000. Total net sales for 2025 stand at 488,000, which is 6% higher than 2024 (460,000) and 11.2% higher than 2017, 2018, 2019 (439,000).
% Chance the Home Will Sell
In May 2025, 51.7% of UK homes that left estate agents’ books successfully exchanged contracts (meaning they completed the sale and agents were paid). The remaining 48.3% left estate agent books unsold, with the homeowner remaining in their home.
Stock Levels: Increased Supply
At the beginning of June, there were 756,000 homes on the market, representing a 9% increase compared to June 2024. Additionally, 480,000 homes were in estate agents’ sales pipelines, a 4.35% increase from June 2024.
House Prices: Modest Annual Growth
House prices, measured by £/sq.ft on Sales Agreed in May 2025, stood at £346.25/sqft. This is 1.5% higher than May 2024 and 1% higher than May 2022.
Rental Stats: Fewer Homes, Higher Rents
In May 2025, there were 304,000 UK rental homes available, with an average monthly rent of £1,811. This is an interesting comparison to May 2024, when 321,000 UK rental homes were available at an average rent of £1,733.
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.
