The autumn market is holding steady – not flying, not falling. Listings dipped slightly, sales agreed remained solid, and fall-throughs edged up but stayed manageable. If there’s one takeaway this week, it’s this: consistency counts, and realistic pricing still leads.
Listings: Slightly Below Average
35,900 new homes hit the market this week, down from 37,400 last week. That’s just under the 2025 weekly average of 36,200, but right in line with the 9-year Week 37 average of 35,600. Year-to-date, we’re at 1.34 million new listings, 2.8% up on 2024 and 10.6% ahead of the 2017–2019 norm.
Price Reductions: Holding High
There were 26,200 price reductions this week, slightly above last week’s 25,600. While August’s monthly figure was only 11.1%, the 2025 average remains elevated at 13.1%, well above the 5-year average of 10.7%. It’s a sign that buyers still hold the upper hand in most regions.
Sales Agreed: Broadly Consistent
25,300 homes were sold subject to contract (SSTC) this week, just under last week’s 25,600. That’s very close to the 9-year Week 37 average (25,500), even if slightly below the 2025 weekly benchmark of 26,200. Year-to-date, gross sales are 969,000, 5.9% ahead of 2024 and 13.5% above the pre-Covid average.
Sell-Through Rate: Still Soft
August’s sell-through rate remains at 14.5%, lower than July (15.4%), June (15.3%) and May (16.1%). The pre-Covid average sits at 15.5%. This continues to show that more choice for buyers means more scrutiny, and more pressure on sellers to get the pitch perfect.
Fall-Throughs: Creeping Up
There were 6,328 fall-throughs this week, up slightly from 6,347. That’s a fall-through rate of 25%, above the 9-year average of 24.2%, but still far below the chaos of 2022. It’s a sign of market friction, not instability.
Net Sales: Stable but Still Behind Average
19,000 net sales were recorded, just shy of last week’s 19,200. That’s below the 2025 weekly average of 20,000, and slightly under the 9-year Week 37 average of 19,300. Still, we’re at 739,000 net sales year-to-date – 5.1% ahead of 2024 and 10% up on the pre-Covid average (703k vs 671k).
% of Homes Selling: Strongest Figure of 2025
Preliminary August data shows 55.1% of homes that left the market went all the way to exchange. That’s the highest figure this year, and a clear sign that committed buyers are pushing through to completion.
Stock and Pipeline: Consistent
736,000 homes were available at the start of September, 6.7% more than the same time last year. Pipelines are holding at 510,000, up 3.4% year-on-year. There’s no shortage of stock – just a slower pace of progress.
House Prices: Stable and Steady
The average sales-agreed price in August was £338.78/sq.ft, 1.41% higher than August 2024 and 14.25% above August 2020. Pricing is flat but holding – no boom, no bust.
Rental Market: Stable Demand, Falling Supply
August rents averaged £1,828 pcm, up from £1,779 a year ago. But only 299,000 rental properties came to market, down from 305,000 in August 2024 and well below the 353,000 seen in 2019. Supply is slipping, and pressure is building as we head into Q4.
In Summary
It’s a solid week in a steady market. Listings, sales, and completions are all trending within range. But with fall-throughs creeping up and reductions still high, success depends on speed, service and spot-on pricing.
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