Welcome to the 37th UK Property Market Stats Show of 2025, your weekly ‘TV programme’ on the UK housing market.

This week, I am joined by Toby Phillips, boss man of Martin & Co, CJ Hole and some other franchise brands of TPFG as we unpack the key headlines from the week ending Sunday 21st September 2025.

✅ New Listings

35.9k new properties came to market this week, down from 37.4k last week.
2025 weekly average: 36.2k.
Nine year week 37 average :35.6k
Year-to-date (YTD): 1.34m new listings, 2.8% higher than 2024 YTD and 10.6% above the 2017–19 average.

✅ Price Reductions

26.2k reductions this week, slightly higher to last week at 25.6k.
Only 11.1% of homes were reduced in August, compared with 14.1% in July and 14% in June.
2025 average so far: 13.1%, versus the five-year long-term average of 10.7%.

✅ Sales Agreed

25.3k homes sold subject to contract this week, slightly down from 25.6k last week.
Week 37 average (for last 9 years) :25.5k
2025 weekly average : 26.2k.
YTD: 969k gross sales, which is 5.9% ahead of 2024 (914k) and 13.5% above the 2017–19 average (854k).
Average Asking price of Listings this week £454k vs average Asking of the homes that sold SSTC – £362k – 25.7% gap

✅ Sell-Through Rate

14.5% of homes on agents’ books went SSTC in August.
Down from 15.4% in July, 15.3% in June, and 16.1% in May.
Pre-Covid average: 15.5%.

✅ Fall-Throughs

6,328 fall-throughs last week (pipeline of 510k home Sold STC).
Weekly average for 2025: 6,219.
Fall-through rate: 25%, up from 24.8% last week.
Long-term average: 24.2% (post-Truss chaos saw levels exceed 40%).

✅ Net Sales

19k net sales this week, up from 19.2k last week.
Nine-year Week 37 average: 19.3k.
Weekly average for 2025: 20k.
YTD: 739k, which is 5.1% ahead of 2024 (703k) and 10% above 2017–19 (671k).

✅ Probability of Selling (% that Exchange vs withdrawal)

Preliminary August: 55.1% of homes that left agents’ books exchanged & completed.
July: 50.9% / June: 51.3% / May: 51.7% / April: 53.2%.

✅ Stock Levels (1st of Month)

736k homes on the market at the start of September, 6.7% higher than Sept 2024.
510k homes in pipelines, 3.4% higher than August 2024.

✅ House Prices (£/sq.ft)

August 2025 agreed sales averaged £338.78 per sq.ft.
1.41% higher than August 2024, and 14.25% higher than August 2020.

✅ Rental Market

August 2025 average rent: £1,828 pcm (vs £1,779 pcm in August 2024).
YTD 2025 average: £1,776 pcm.
299k rental properties came on the market in August 2025, compared to 305k in Aug ’24, 243k in Aug ’23 & 353k in Aug ’19.