Last week was the best for residential house sales since the Summer of 2022 and best for Listings since April 2021, the latest figures show.
Chris Watkin’s special guest this week on the ‘UK Property Market Stats Show’ is Iain White, ex Romans boss.
Unlike the Land Registry, Halifax and Nationwide indexes, which is already three to eight months out of date, this show focusses on real time property market stats from last week (Week ending Sunday, 21st May 2023).
The idea is to provide estate agents – and anybody else with an interest in property – with information regarding what is happening in the housing market – both nationally and regionally U.K.
Property Market data for the week (Monday 15th May to Sunday 21st May inclusive):
Listings: 37,327, up 21.2% from last week. The 2023 running weekly average is 32,048.
Average listing price: £445,500. The 2023 Running Weekly Average is £429,200.
Price Reductions: 21,283 properties, up 16.4% from last week’s price reductions. The 2023 running weekly average is 17,848.
Average Asking Price of properties being reduced: £406,100. The 2023 running weekly average is £402,250.
Gross Sales: 26,341, up 25.8% from last week’s gross sales. The 2023 running weekly average is 21,888.
Average asking price of properties sold STC: £373,900. The 2023 running weekly average is £356,200.
Sale fall Throughs: 5,784, up 28.3% week-on-week. The 2023 running weekly average is 4,967.
Percentage of sales falling Through to gross sales: 21.96% The 2023 running weekly average is 23.72%.
In the last 15 minutes of the show, there is a particular look at the Watford property market.
INNER LONDON STATS FOR THE WEEK.
Inner London new instructions 3065 (2023 average – 2,683 )
Inner London new Instruction £1,025,592 (2023 average – £997,079 )
Inner London price changed 1773 (2023 average – 1,517 )
Inner London price changed £846,545 (2023 average – £852,071 )
Inner London SSTC 1617 (2023 average – 1,313 )
Inner London SSTC £859,335 (2023 average – £809,198 )
Inner London fallen through 390 (2023 average – 308 )
Net sales 1227 (2023 average – 1,004 )
Gross Sales as % of Listings 52.76%
% Sales that fell thru 24.12%
Price Changes as % of Listings 57.85%
Net Sales as % listing 40.03%
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OUTER LONDON STATS FOR THE WEEK
Outer London new instructions 1682 (2023 average – 1,500 )
Outer London new Instruction £564,211 (2023 average – 577,127 )
Outer London price changed 1073 (2023 average – 900 )
Outer London price changed £535,065 (2023 average – 533,200 )
Outer London SSTC 1072 (2023 average – 904 )
Outer London SSTC £552,501 (2023 average – 533,844 )
Outer London fallen through 281 (2023 average – 238 )
Net sales 791 (2023 average – 256 )
Gross Sales as % of Listings 63.73%
% Sales that fell thru 26.21%
Price Changes as % of Listings 63.79%
Net Sales as % listing 47.03%
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SOUTH EAST STATS FOR THE WEEK
South East new instructions 6042 (2023 average – 5,296 )
South East new Instruction £ £553,526 (2023 average – 524,149 )
South East price changed 3994 (2023 average – 3,411 )
South East price changed £ £470,943 (2023 average – 447,602 )
South East SSTC 4142 (2023 average – 3,408 )
South East SSTC £ £495,960 (2023 average – 468,349 )
South East fallen through 996 (2023 average – 833 )
Net sales 3146 (2023 average – 990 )
Gross Sales as % of Listings 68.55%
% Sales that fell thru 24.05%
Price Changes as % of Listings 66.10%
Net Sales as % listing 52.07%
PS all the other region’s stats can be found in the Youtube description of the video with a link to download them
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