What is currently happening in the UK property market?

In this week’s UK Property Market Stats Show, we review the latest market data for the week ending Sunday 29 March 2026, with analysis from myself and Toby Martin.

In the second half, we turn our attention to Portsmouth, taking a closer look at which estate and letting agents are performing strongest in the local market.

The discussion also explores how agents can use data and tools to demonstrate performance, challenge overvaluing by competitors, and support stronger fee positioning.

The headlines for the 12th week of the 2026 UK Property Market (week ending Sun 29th March 2026)

🟩 Listings YTD

441k new properties have come onto the market YTD , 1.3% ahead of 2025, 8.1% above 2024, and 19.4% higher than the 2017–19 average.

🟧Gross Sales YTD

298k UK homes sold STC YTD , 5.4% lower than 2025, 7% higher than 2024, and 16.6% above pre Covid norms.

🟩 Net Sales YTD

233k UK net home sales YTD (Net Sales being Gross sales less Fall Thrus). 2.8% lower than 2025 (240k), 6.8% ahead of 2024 (218k), 21.4% ahead of 2023 (192k) and 13.6% above the 2017–19 average (205k).

🟥 Exchanges YTD

139k UK Exchanges to the end of Feb 26

5.5% lower than end of Feb 2025, when it was 147k.

🟥 Overvaluing

46.1% of the homes that left UK Estate Agents books in February were withdrawn unsold. Main cause – blatant overvaluing supported by long sole agency agreements of 20+ weeks.

Detailed Breakdown …

✅ New Listings

•           40.3k new properties came onto market this week, down marginally from 39.4k last week.
•           2025 weekly average: 30.6k.
•           10-year week 12 average : 35.8k.

✅ Price Reductions

• 23.2k reductions this week, down from 23.6k last week

• 11.4% of resi homes for sale were reduced in February. Feb 25 – 12%. Feb 24 – 11.5% (March figures to follow next week)

• 2025 average was 12.8%, versus the 6-year long-term average of 10.7%.

✅ Sales Agreed

• 26.3k homes sold stc this week 12, up from 26k last week.

• Week 12 average (for last 10 years which includes the post pandemic boom) : 26.5k

• 2026 weekly average : 24.2k.

✅ Sell-Through Rate

• 15.4% of homes on agents’ books went SSTC in February ’26. (Feb ’25 – 16.1% / Feb ’24 – 16.7%) – March figures to follow next month.

• Pre-Covid average: 15.5%.

✅ Price Difference between Listings & Sales

• 21.5% difference (long term 10 year average is 16% to 17%). (£442k ave Listing Ave Asking price vs £364k Sale Agreed ave. Asking price).

✅ Fall-Throughs

• 5,538 fall-throughs last week (pipeline of 434k home Sold STC).

• Weekly average for 2025: 6.1k.

• Fall-through rate (Fall thru expressed as a % of the Gross sales that week): 21%, down from 20.7% last week.

• Long-term average: 24.2% (post-Truss chaos saw levels exceed 40%).

• 4.9% of all the sales agreed in Estate Agent’s Sales pipelines fell thru in February 2026. 2025 average – 5.3% & 10 year average – 5.8%). March figures to follow next week.

✅ Net Sales

• 20.8k Net Sales, up slightly from 20.6k last week

• Ten-year Week 12 average: 20.8k.

• Weekly average for 2026: 19.4k.

• Weekly average for the whole of 2025: 18.8k.

✅ Probability of Selling (% that Exchange vs withdrawal)

• Feb ’26 Stats : 53.9% of homes that left agents’ books exchanged & completed in Feb. (Note this figure will change throughout the month as more Feb stats come in). March figures to follow next week

• 57.6% is the 7 year average (which includes the crazy years post lockdown 18 months).

✅ House Prices (£/sq.ft)

• February ’26 agreed sales averaged £343.36 per sq.ft. 2.3% higher than 12 months ago (£335.63) and 18.2% than 5 years ago (£290.43). The £/sqft at sale agreed matches the HM Land Registry Index with a 98% accuracy, 5 months in advance. That is why it is so important.