What is currently happening in the UK property market?

This week, I am joined on the UK Property Market Stats Show by the awesome Alice Bullard, CEO of Nested, to delve into the key property market headlines for Week 3 of 2025 – ending Sunday 26th January 2025.

Listings (new properties on the market)

34.9k new listings this week (last week 33.7k)

That’s 17% higher than Week 3 of 2024 YTD and 14% higher YTD compared to 2017/18/19.

Price Reductions (% of resi stock)

19.9k Price Reductions this week – meaning approx. 14.8% of resi sales stock this month has been reduced.

To compare, 7.8% of residential sales stock reduced in December (always a lower % in Dec).

For comparison, 11.1% of stoics reduced in November and 11.9% average in 2024, though the long-term 5-year average is 10.6%. December traditionally sees a dip in this metric.

Total Gross Sales (agreed sales)

25.7k UK homes sold STC this week, up from 23.8k last week in Week 2

That’s 35% higher YTD compared to 2024 and 43% higher than 2017/18/19 YTD levels.

Sale-Through Rate (monthly in arrears)

Approx. Run rate of 14.2% of resi stock sold stc in Jan. For comparison, 10.61% of residential sales stock sold in December 2024, compared to 8.79% in December 2023. 2024 monthly average: 15.3%. Long-term 7-year average: 17.9%.   Graph 12

Sale Fall-Throughs

23.3% of gross sales fell through this week – ad top from last week at 25.4%. Slightly below the 7-year average of 24.2%, but well below the 40%+ levels post-Truss Budget (Autumn 2022).

On a monthly basis, approximately 5.4% of sales in the UK agents pipelines have fallen thru in Jan 25. For comparison, 3.8% of the December 2024 sales pipeline fell through (Dec is always lower) (2024 average: 5.36%).

Net Sales (Gross sales for the week less sale fall throughs for the week)

19.7k net sales this week, compared to a typical week 3 average of 18.1k. Last week (Week 2 2025) – 17.7k.

2025 YTD is 38% higher than compared to 2024 YTD and 39.7% higher than YTD 2017/18/19.

Residential sales stock on the market

605k properties on the market at the end of December 2024 (down from 677k in November).

Historical comparison for end of December:

+ 2023: 560k

+ 2022: 481k

+ 2021: 342k

+ 2020: 543k

+ 2019: 545k.

Residential Sales Sold STC Pipeline

441k sales agreed but not yet completed at the end of December 2024.

Historical comparison for December :

+ 2023: 359k

+ 2022: 373k

+ 2021: 468k

+ 2020: 548k

+ 2019: 310k.

UK House Prices (£/sq.ft)

As always, the £/sq.ft metric predicts Land Registry figures five months in advance with 92% accuracy (the orange line of the graph).

December’s final figure: £339/sq.ft.

+ November: £342/sq.ft

+ August: £334/sq.ft

+ December 2023: £322/sq.ft.

This means house prices have risen 5.28% in the last 12 months.

Local Focus – Wembley

Do not miss our deep dive into the property market in Wembley this week, where we uncover the stats and trends shaping this local market.

Why Should you Watch the Show?

Estate Agents, this show is designed for you.

From understanding the big picture market trends to translating them into actionable insights for your business, the Stat Show is your weekly must-watch.

Remember, in the survey of 10,000 homeowners last year with the Property Academy, 36% of homeowners chose their estate agent based on the estate agent’s property market knowledge. This show and graphs will help you

 

x

Email the story to a friend!



3 Comments

  1. Chris Watkin

    While the market outlook appears healthy, the biggest risk in 2025 may not be economic, but operational. Many estate agencies, especially those wedded to volume-based models, could find themselves stretched thin if they do not adapt to a market where attention to detail and follow-through matter more than ever. Transactions are still taking months to complete, and agents who invest in better communication, pipeline management, and proactive vendor guidance will outperform their peers. The modern agent’s role is shifting—it is less about simply securing instructions and more about managing expectations, guiding pricing, and pushing transactions over the line. Those who master this will not only have higher completion rates but will cement their reputations as the go-to agents in their market. Agree or Disagree?

    Report
  2. Chris Watkin

    The reality remains that overvaluing properties still results in longer time on the market, price reductions, and ultimately, lower completion rates. The data clearly shows that properties priced correctly from the outset sell more efficiently, and agents who focus on securing actual completions rather than stacking up ‘for sale’ boards will be the ones who thrive. There is also a notable divergence between those who take ownership of the full sales process—from valuation to completion—and those who simply list and leave. The self-employed model, in particular, is proving its worth in keeping sales moving, something traditional agency structures may need to reconsider. Thoughts?

    Report
  3. Chris Watkin

    The data paints a clear picture of a market that is not just recovering but demonstrating resilience and momentum. However, beyond the raw numbers, what’s particularly striking is the psychological shift among both buyers and sellers. After two years of hesitation, uncertainty, and inflated caution, 2025 has started with a level of confidence that hasn’t been seen in some time. Buyers are no longer waiting for a bottom that never truly arrives, and sellers—while still needing to price sensibly—are seeing stronger demand than they may have anticipated. This isn’t just about lower mortgage rates or a mild economic tailwind; it’s about sentiment. When people believe the market is moving, they engage—and engagement is exactly what drives volume.

    Report
X

You must be logged in to report this comment!

Comments are closed.

Thank you for signing up to our newsletter, we have sent you an email asking you to confirm your subscription. Additionally if you would like to create a free EYE account which allows you to comment on news stories and manage your email subscriptions please enter a password below.