UK PROPERTY MARKET WEEKLY UPDATE
Welcome to the third UK Property Market Stats Show of 2025, your go to weekly one hour documentary of the UK Property Market on YouTube

This week, I’m joined by the awesome Alice Bullard, CEO of Nested, to delve into the key property market headlines for Week 3 of 2025.

The YouTube Show ...
https://lnkd.in/edDAxz6w

✴️ UK Property Market Highlights this week

✅ Listings (New Properties on the Market)

34.9k new listings this week (last week 33.7k)
That’s 17% higher than Week 3 of 2024 YTD and 14% higher YTD compared to 2017/18/19.

✅ Price Reductions (% of Resi Stock)
19.9k Price Reductions this week - meaning approx. 14.8% of Resi sales stock this month has been reduced. To compare, 7.8% of residential sales stock reduced in December (always a lower % in Dec).For comparison, 11.1% od stoics reduced in November and 11.9% average in 2024, though the long-term 5-year average is 10.6%. December traditionally sees a dip in this metric.

✅ Total Gross Sales (Agreed Sales)
25.7k UK homes sold STC this week, up from 23.8k last week in Week 2
That’s 35% higher YTD compared to 2024 and 43% higher than 2017/18/19 YTD levels.

✅ Sale-Through Rate (Monthly in Arrears)
Approx. Run rate of 14.2% of Resi stock sold stc in Jan. For comparison, 10.61% of residential sales stock sold in December 2024, compared to 8.79% in December 2023. 2024 monthly average: 15.3%. Long-term 7-year average: 17.9%.

✅ Sale Fall-Throughs
23.3% of gross sales fell through this week – ad top from last week at 25.4%. Slightly below the 7-year average of 24.2%, but well below the 40%+ levels post-Truss Budget (Autumn 2022). On a monthly basis, approximately 5.4% of sales in the UK agents pipelines have fallen thru in Jan 25. For comparison, 3.8% of the December 2024 sales pipeline fell through (Dec is always lower) (2024 average: 5.36%).

✅ Net Sales (Gross sales for the week less Sale Fall Thrus for the week)
19.7k net sales this week, compared to a typical week 3 average of 18.1k. Last week (Week 2 2025) - 17.7k. 2025 YTD is 38% higher than compared to 2024 YTD and 39.7% higher than YTD 2017/18/19.

✅ Residential Sales Stock on the Market
605k properties on the market at the end of December 2024 (down from 677k in November).
Historical comparison for end of December:
2023: 560k
2022: 481k
2021: 342k
2020: 543k
2019: 545k.

✅ Residential Sales Sold STC Pipeline
441k sales agreed but not yet completed at the end of December 2024.
Historical comparison for December :
2023: 359k
2022: 373k
2021: 468k
2020: 548k
2019: 310k.

✅ UK House Prices (£/sq.ft)
As always, the £/sq.ft metric predicts Land Registry figures 5 months in advance with 92% accuracy (the orange line of the graph).
December’s final figure: £339/sq.ft.
November: £342/sq.ft
August: £334/sq.ft
December 2023: £322/sq.ft

This means house prices have risen 5.28% in the last 12 months.

Local Focus this week - Wembley