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Chris Watkin’s special guest this week on the ‘UK Property Market Stats Show’, which provides agents with information regarding what is happening in the housing market, is Iain McKenzie, bossman of the Guild of Property Professionals, an affiliate group of 800-plus UK estate agents.
Unlike the Land Registry, Halifax and Nationwide indexes, which are already three to eight months out of date, this show focuses on real time property market stats from last week (ending Sunday 11th June 2023).
In the last 15 minutes of the Youtube show, there is a deep dive look at the Halifax Property Market The main headlines.
Highlights from the UK Property Market Stats for the week (Monday 5th June to Sunday 11th June 2023 inclusive):
+ Listings: 37,698, up 25% from last week. The 2023 running weekly average is 32,465
+ Average listing price: £459,269. The 2023 running weekly average is £432,576.
+ Price reductions: 22,343, up 26.7% from last week’s price reductions). The 2023 running weekly average is 18,185
+ Average asking price of properties being reduced: £423,300 The 2023 running weekly average is £404,200
+ Gross sales: 24,712, up 15.4% from last week’s gross sales. The 2023 running weekly average is 22,206
+ Average asking price of properties sold STC: £376,050. The 2023 running weekly average is £358,300
+ Sale fall throughs: 5,905, up 23.56% from last week sale fall throughs. The 2023 running weekly average is 5,036
+ Percentage of sales fall throughs to gross sales: 22.9% The 2023 running weekly average is 23.56%
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