What is currently happening in the UK property market? – London Wallet

✅ Listings (New to Market)

32.2k new listings this week (Down as expected from 32.7k last week).

2025 weekly average : 36.6k

YTD listings are 3.5% higher than 2024 YTD and 7% above the 2017–19 YTD average (1.17m YTD vs 1.13m in 2024 YTD).

✅ Price Reductions

20.6k reductions this week (down from 21.8k last week – it is holiday season).

That’s still only 1 in 7.1 homes on the market being reduced monthly (14.1%)

For context:

• 14.1% in July, 14% in June & 13.4% in May

• 12.1% average in 2024

• Long-term 5-year average: 10.6%,

✅ Sales Agreed

25k homes sold STC this week (the same as last week)

2025 weekly average : 26.5k

YTD agreed sales:

• 6.9% up on 2024 (846k vs 792k)

• 14.2% up on pre-Covid average of 741k (2017–19).

✅ Sell-Through Rate (July, in arrears)

15.4% of properties on agent’s books went SSTC in July.

Up from 15.3% in June. 16.1% in May

2024 monthly average: 15.3%

8-year overall average: 17.9%.

✅ Sale Fall-Throughs

5,817 fall-throughs last week (from a 512k SSTC pipeline (units)).

Weekly average for 2025: 6,242

Fall-thru rate as percentage of gross sales: 23.2% (down from 24.4% last week).

The 9 year long-term average of 24.2% (post-Truss chaos saw that at levels of 40%+).

✅ Net Sales

19.3k net sales this week (Up from 19k last week)

Weekly average for 2025: 20.2k

YTD Net Sales:

• 647k in 2025 which is 5.7% ahead of 2024 YTD figure of 611k and 10.6% up on 2017–19 YTD (584k).

✅ % Chance the Home will Sell (month in arrears)

July stats showed 50.9% of UK Homes that left the estate agents books in exchanged & completed contracts (ie the agent got paid and the home moved on completion), the remaining 49.1% left Estate Agent books, unsold and homeowner staying in their home.

Comparison

Jun – 51.3%

May – 51.7%

April – 53.2%

NB – this July stat will change throughout August as more data comes through.

✅ Stock Levels (For Sale and Sales Pipeline) – 1st of the Month

763k homes on the market at the start of 1st August – 6.7% higher than 1st August 2024 (715k).

512k homes in Estate Agents sales pipelines on 1st August  – 4% higher than than 1st August 2024.

✅ House Prices (measured by £/sq.ft)

£344.78/sqft on Sales Agreed in July 2025  – 1.97% higher than July 2024 and 3.85% higher than July 2022.

✅ Rental Stats (in arrears)

July 2025 with an average rent of £1,876 pcm (July ’24 – £1,863 pcm)

(YTD 2025 average is £1767 pcm).

✅ Local Focus:

Bournemouth