UK PROPERTY MARKET WEEKLY UPDATE
Welcome to the 9th UK Property Market Stats Show of 2025, your go to weekly TV show on the UK Property Market on YouTube
This week, Iโm joined by the brilliant Rob Smith (The Property Franchise Group) and Group MD of Hunters Estate Agents, Whitegates Estate Agents & NorthwoodUK as we delve into the key property market headlines for 9th week of 2025 ending on the 9th March 2025.
The YouTube Show .... https://lnkd.in/dX8qwDwk
โด๏ธ UK Property Market Highlights this week
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Listings (New Properties on the Market)
39.8k new listings this week (last week 37.9k)
Thatโs 8% higher than Week 8 of 2024 YTD and 10% higher YTD compared to 2017/18/19.
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Price Reductions (% of Resi Stock)
23.6k Price Reductions this week - meaning an approx run rate of 1 in 8 of Resi Sales stock per month is being reduced (12%).
For comparison, 12.1% average in 2024, though the long-term 5-year average is 10.6%.
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Total Gross Sales (Agreed Sales)
26.7k UK homes sold STC this week, slightly up from 27.6k last week in Week 8
Thatโs 16% higher YTD compared to 2024 and 25% higher than 2017/18/19 YTD levels.
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Sale-Through Rate (Monthly in Arrears)
Februaryโs Run rate of 16.2% of Resi stock sold stc (ie 16.2% of Estate Agents properties on the market went sale agreed in February). For comparison, 16.7% of residential sales stock sold in February 2024. 2024 monthly average: 15.3%. Long-term 8-year average: 17.9%.
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Sale Fall-Throughs
6,506 Sale fall-thrus last week from Resi Sale Sales Pipeline of 451,074 homes sale agreed (sold stc).
Another method is that weekโs sale fall thrus as a % of gross sales that week. This week, that is 24.3% (last week 22.3%). Just above the 7-year average of 24.2%, yet well below the 40%+ levels post-Truss Budget (Autumn 2022).
For February โ25 as a whole, 5.48% of sales in the UK agents pipelines fell thru in Feb 25. For comparison, 2024 average: 5.36%.
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Net Sales (Gross sales for the week less Sale Fall Thrus for the week)
20.2k net sales this week, compared 2025 weekly average of 19.6k.
2025 YTD is 13% higher than compared to 2024 YTD and 19% higher than YTD 2017/18/19.
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Residential Sales Stock on the Market
675k properties on the market on the 1st March 2025 (monthly stat taken on the first day of the month).
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Residential Sales Sold STC Pipeline
451k sales agreed in Estate Agents Sales Pipeline (ie sold stc but not yet completed) as at the 1st March 2025 (monthly figure)
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UK House Prices (ยฃ/sq.ft)
As always, the ยฃ/sq.ft metric predicts Land Registry figures 5 months in advance with 92% accuracy (the orange line of the graph).
Februaryโs final figure: ยฃ340/sq.ft.
January โ25 : ยฃ342/sq.ft
December โ24 : ยฃ339/sq.ft
August โ24: ยฃ334/sq.ft
February โ24: ยฃ335/sq.ft
This means UK house prices achieved in Feb 25 were 0.39% lower than Jan 25, yet 1.64% higher than a year ago (Feb 24).
Local Focus this week - Braintree
