What is currently happening in the UK property market?

What is currently happening in the UK property market?

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Welcome to the 34th UK Property Market Stats Show of 2025 – your go-to weekly ‘TV Programme’ on the UK property market.

This week, I am joined by Steph Vass, the co-founder and boss of TAUK, as we unpack the key headlines from the 34th week of 2025, ending Sunday, 31st August 2025.

🔍 Key Market Stats – Week 34 of 2025

Listings (New to Market)

29.1k new listings this week (Down as expected from 33.4k last week as it was August Bank Holiday).

2025 weekly average : 36.2k

YTD listings are 2.7% higher than 2024 YTD and 7.2% above the 2017–19 YTD average (1.23m YTD vs 1.2m in 2024 YTD). Graph 1Graph 2

Price Reductions

17.5k reductions this week (down from 20.3k last week – again Bank Holiday).

That’s still only 1 in 7 homes for the month of August on the market being reduced monthly (14.1%)

For context:

• 14.1% in July, 14% in June & 13.4% in May

• 12.1% average in 2024

• Long-term 5-year average: 10.6%.

Sales Agreed

21.3k homes sold STC this week (down from last week at 25.3k – again Bank Holiday)

2025 weekly average : 26.2k

YTD agreed sales:

• 6.1% up on 2024 (893k vs 842k)

• 13% up on pre-Covid average of 788k (2017–19).

Sell-Through Rate (July, in arrears)

15.4% of properties on agent’s books went SSTC in July. (August figures to follow next week)

Up from 15.3% in June. 16.1% in May

2024 monthly average: 15.3%

8-year overall average: 17.9%.

Sale Fall-Throughs

5,149 fall-throughs last week (from a 512k SSTC pipeline (units)).

Weekly average for 2025: 6,206

Fall-thru rate as percentage of gross sales: 24.1% (up from 24.3% last week).

The 9 year long-term average of 24.2% (post-Truss chaos saw that at levels of 40%+).

Net Sales

16.2k net sales this week (Down from 19.1k last week – again Bank Holiday)

Weekly average for 2025: 20k

YTD Net Sales:

• 682k in 2025 which is 5% ahead of 2024 YTD figure of 649k and 9.8% up on 2017–19 YTD (621k)

% Chance the Home will Sell (month in arrears)

July stats showed 50.9% of UK Homes that left the estate agents books in exchanged & completed contracts (ie the agent got paid and the home moved on completion), the remaining 49.1% left Estate Agent books, unsold and homeowner staying in their home.  August figures to follow by mid September onwards

Comparison

Jun – 51.3%

May – 51.7%

April – 53.2%

NB – this July stat will change throughout August as more data comes through.

Stock Levels (For Sale and Sales Pipeline) – 1st of the Month

763k homes on the market at the start of 1st August – 6.7% higher than 1st August 2024 (715k).

512k homes in Estate Agents sales pipelines on 1st August  – 4% higher than than 1st August 2024

House Prices (measured by £/sq.ft)

£344.78/sqft on Sales Agreed in July 2025  – 1.97% higher than July 2024 and 3.85% higher than July 2022.

Rental Stats (in arrears)

July 2025 with an average rent of £1,876 pcm (July ’24 – £1,863 pcm)

(YTD 2025 average is £1767 pcm).

Local Focus:

Stoke-on-Trent

 




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