What is currently happening in the UK property market?

In this week’s UK Property Market Stats Show, Iain McKenzie and I review the latest UK housing market data for the week ending Sunday 3 May 2026.

The second half of the programme turns to Swansea, where we analyse which estate and letting agents are currently performing strongest in the local market.

The discussion also explores how agents can use performance data and market analysis to differentiate themselves from competitors, defend their fees and counter overvaluing tactics during valuation appointments.

https://youtu.be/43DhsM7TDWA

🟩 Gross Residential Sales YTD

422k UK homes sold STC YTD

The best week for Resi sales in 45 weeks

5.3% lower than 2025 YTD (445k) , 4.2% higher than 2024 YTD (405k), 14.6% higher than 2023 YTD (368k) and 12.5% higher above pre Covid norms (375k).

🟩 Net Resi Sales YTD

330k UK net home sales YTD (Net Sales being Gross sales less Fall Thrus).

3.1% lower than 2025 (341k), 3.9% ahead of 2024 (318k), 16.3% ahead of 2023 (284k) and 9.4% above the 2017–19 average (302k).

🟩 Listings YTD

637k new properties have come onto the market YTD

1% above of 2025 YTD, 7.4% above 2024 YTD, and 17.5% higher than the 2017–19 average YTD

🟩 Exchanges YTD

240k UK Exchanges to the 2nd week of April 2026

14% lower the 2nd week of April 2026, when it was 279k.

Note – There were more exchanges in Q1 2025 because of the stamp duty holiday which finished in April 2025

🟩 Overvaluing

46.7% of the homes that left UK Estate Agents books in April were withdrawn unsold.

Main cause – blatant overvaluing supported by long sole agency agreements of 20+ weeks.

Detailed Breakdown …

✅ New Listings

• 43.4k new properties came onto market this week (week 17), up from 40.2k last week.

• 2025 weekly average: 30.6k.

• 10-year week 17 average : 34.5k (dont forget some previous week 17’s were Easter’s, thus dragging the average down).

✅ Price Reductions

• 26.3k reductions this week, up from 25.6k last week.

• 13.1% of UK resi homes for sale were reduced in April. Mar 26 was 13.2%.

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

✅ Sales Agreed

• 27.7k homes sold stc this week 17, up from 26.4k last week.

• Week 17 average (for last 10 years which includes the post pandemic boom) : 25.1k

• 2026 weekly average : 24.8k.

✅ Price Difference between Listings & Sales

• 27.4% difference (long term 10 year average is 16% to 17%). (£455k ave Listing Ave Asking price vs £363k Sale Agreed ave Asking price).

✅ Sell-Through Rate

• 14.6% of homes on agents’ books went SSTC in March ’26. Down from March ’26 – 15.5%

• Pre-Covid average: 15.5%.

✅ Fall-Throughs

• 5,927 fall-throughs last week (pipeline of 461k home Sold STC).

• Weekly average of fall thrus for the whole of 2025: 6.1k and 5.4k in 2026 YTD

• Fall-through rate (Fall thru expressed as a % of the Gross sales that week): 21.4%, down from last weeks 25.8%.

• Long-term average: 24.5% (post-Truss chaos saw levels exceed 40%).

• 5.08% of all the sales agreed in Estate Agent’s Sales pipelines fell thru in April 2026. 2025 average – 5.3% & 10 year average 5.8%).

✅ Net Sales

• 21.7k Net Sales, up from 20.6k last week

• Ten-year Week 17 average: 19.8k.

• Weekly average for 2026: 19.4k.

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

✅ Probability of Selling (% that Exchange vs withdrawal)

• March ’26 Stats : 53.3% of homes that left agents’ books exchanged & completed in April. (Note this figure will change throughout the month as more April stats come in).

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