In November 2025, the property market showed signs of tightening, with fewer homes for sale and a slight dip in sales agreed per branch. In the lettings market, strong demand continued to outstrip supply, though nearly half of agents reported that rents remained broadly unchanged, Propertymark’s latest housing insight report has revealed.

Property stock levels at estate agency member branches declined, with an overall average of 41 properties for sale per branch. The average number of sales agreed per branch also saw a slight dip, falling to 6.8 during the month.

Nathan Emerson, CEO Propertymark, commented: “November’s figures point to a housing market that remains resilient but measured as we head toward the end of the year. The slight dip in agreed sales reflects seasonal normalisation rather than weakening demand, whilst the steady flow of new listings shows that sellers are still confident enough to test the market.

In the lettings market, demand continued to outstrip supply, with an average of around six applicants competing for each available property. Despite this competition, 49% of member agents reported that rents remained generally static in November 2025.

Emerson added: “In lettings, the gradual rise in available stock is a welcome sign, but with demand continuing to outstrip supply in many areas, affordability pressures for tenants remain acute. These figures reinforce the need for long-term policy certainty to support both buyers and renters, alongside a stable operating environment for agents on the front line.”