🟩 Listings YTD

362k new properties have come onto the market YTD , 1.2% ahead of 2025, 8.7% above 2024, and 20% higher than the 2017–19 average.

🟩 Gross Sales YTD

246k UK homes sold STC YTD , 3% lower than 2025, 8.4% higher than 2024,  and 14.1% above pre Covid norms.

🟩 Net Sales YTD 

192k UK net home sales YTD (Net Sales being Gross sales less Fall Thrus). 4.5% lower than 2025, 8.6% ahead of 2024, 24.2% ahead of 2023 and 14.9% above the 2017–19 average.

🟥 Exchanges YTD

145k UK Exchanges YTD,

22.8% lower than YTD 2025, when it was 188k.

Down to a poor Q4 last year because of Rachel’s budget and a decent Q1 in 2025 because of the stamp duty

🟥 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46.1% of the homes that left UK Estate Agents books in February were withdrawn unsold.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

•           39.7k new properties came onto market this week (down as expected & in line with wk 10 long term trends) from 40.2k last week.

•           2025 weekly average: 30.6k.

•           10-year week 10 average : 35.8k

✅ Price Reductions

•           22.9k reductions this week, down from 25.5k last week

•           11.4% of resi homes for sale were reduced in February. Feb 25 – 12%.   Feb 24 – 11.5%

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

✅ Sales Agreed

•           26.3k homes sold stc this week 10, up from 25.6k last week.

•           Week 10 average (for last 10 years) : 26k

•           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%)

•           Pre-Covid average: 15.5%.

✅ Price Difference between Listings & Sales

•           19.9% difference (long term 10 year average is 16% to 17%).  (£439k ave Listing Ave Asking price vs £361k Sale Agreed ave Asking price).

✅ Fall-Throughs

•           5,156 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): 19.6%, down from 21.5% 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%).

✅ Net Sales

•           21.2k Net Sales, up from 20k last week

•           Ten-year Week 10 average: 20.6k.

•           Weekly average for 2026: 19.2k.

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

✅ Probability of Selling (% that Exchange vs withdrawal)

•           Feb ’26  Stats so far : 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).

•    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.

✅ Stock Levels 

•           682k homes on the market on the 1st of March ’26. (675k – 1st March 25)

•           434k homes in agent’s sales pipeline on the 1st March 2026, slightly lower than 12 months ago on 1st March ’25 (444k).

✅ UK Rental Data

•           Average Rent in Feb 2026 – £1,711 pcm (£1,745 in Feb 25)

•           305k UK Rental Stock available to rent in Feb 26 (310k in Feb 2025)

✅ Local Focus 

The Cheshire Golden Triangle (Alderley Edge, Wimslow, Knutsford & Prestbury)