Chris Watkin’s special guest this week on the ‘UK Property Market Stats Show’, which provides agents with information regarding what is happening in the housing market, is Iain McKenzie, bossman of the Guild of Property Professionals, an affiliate group of 800-plus UK estate agents.
Unlike the Land Registry, Halifax and Nationwide indexes, which are already three to eight months out of date, this show focuses on real time property market stats from last week (ending Sunday 11th June 2023).
In the last 15 minutes of the Youtube show, there is a deep dive look at the Halifax Property Market The main headlines.
Highlights from the UK Property Market Stats for the week (Monday 5th June to Sunday 11th June 2023 inclusive):
+ Listings: 37,698, up 25% from last week. The 2023 running weekly average is 32,465
+ Average listing price: £459,269. The 2023 running weekly average is £432,576.
+ Price reductions: 22,343, up 26.7% from last week’s price reductions). The 2023 running weekly average is 18,185
+ Average asking price of properties being reduced: £423,300 The 2023 running weekly average is £404,200
+ Gross sales: 24,712, up 15.4% from last week’s gross sales. The 2023 running weekly average is 22,206
+ Average asking price of properties sold STC: £376,050. The 2023 running weekly average is £358,300
+ Sale fall throughs: 5,905, up 23.56% from last week sale fall throughs. The 2023 running weekly average is 5,036
+ Percentage of sales fall throughs to gross sales: 22.9% The 2023 running weekly average is 23.56%
Inner London Stats ..
Inner London new instructions 3314 (YTD weekly average 2,729)
Inner London new Instruction £1,086,840 (YTD weekly average £1,002,664
Inner London price changed 1948 (YTD weekly average 1,549)
Inner London price changed £885,039 (YTD weekly average £854,419)
Inner London SSTC 1442 (YTD weekly average 1,328)
Inner London SSTC £821,676 (YTD weekly average 812,151)
Inner London fallen through 351 (YTD weekly average 315)
Net sales 1091 YTD weekly average 1,012
Gross Sales as % of Listings 43.51%
% Sales that fell thru 24.34% YTD weekly average 24.80%
Price Changes as % of Listings 58.78%
Net Sales as % listing 32.92%
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SOUTH EAST REGIONAL STATS
South East new instructions 6165 ( YTD weekly average 5,368 )
South East new Instruction £566,398 ( YTD weekly average 530,430 )
South East price changed 4463 ( YTD weekly average 3,491 )
South East price changed £491,850 ( YTD weekly average 452,799 )
South East SSTC 3993 ( YTD weekly average 3,472 )
South East SSTC £492,638 ( YTD weekly average 470,401 )
South East fallen through 1043 ( YTD weekly average 852 )
Net sales 2950 ( YTD weekly average 2,620 )
Gross Sales as % of Listings 64.77%
% Sales that fell thru 26.12% ( YTD weekly average 25.60% )
Price Changes as % of Listings 72.39%
Net Sales as % listing 47.85%
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SOUTH WEST REGIONAL FIGURES FOR THE WEEK
South West new instructions 4017 ( YTD weekly average 3,364)
South West new Instruction £469,470 ( YTD weekly average 425,378)
South West price changed 2376 ( YTD weekly average 1,859)
South West price changed £393,253 ( YTD weekly average 378,532)
South West SSTC 2726 ( YTD weekly average 2,341)
South West SSTC £ £407,889 ( YTD weekly average 379,072)
South West fallen through 665 ( YTD weekly average 550)
Net sales 2061 ( YTD weekly average 1,791)
Gross Sales as % of Listings 67.86%
% Sales that fell thru 24.39% ( YTD weekly average 24.70%)
Price Changes as % of Listings 59.15%
Net Sales as % listing 51.31%
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I have all the regions.. so If I have missed your region out – reply back and I will post them Chris
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