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

Welcome to the latest episode of the UK Property Market Stats Show, your go to weekly ‘TV show’ on the UK Property Market.

This week, I am joined by Steph Walker-Vass, boss lady of TAUK, as we delve into the key property market headlines for 23rd week of 2025 ending on the 15th June 2025.

✅ Listings (New Properties on the Market)

37.6k new listings this week (last week 39.3k)

YTD 5% higher than Week 23 of 2024 YTD and 8% higher YTD compared to 2017/18/19.

✅ Price Reductions (% of Resi Stock)

27.4k Price Reductions this week (last week 27.9k)

Monthly Run Rate in reductions – 1 in 7.1 of Resi Sales stock per month is being reduced (which represents 14%)) …13.4% the month before

For comparison, 12.1% average in 2024, though the long-term 5-year average is 10.6%.

✅ Total Gross Sales (Agreed Sales)

28.1k UK homes sold STC this week (last week 28.6k)

YTD – The number of Sold STC Resi homes are 8% higher compared to 2024 (608k Sales agreed YTD 2025 vs 562k YTD 2024) and 16% higher than 2017/18/19 YTD levels (524k).

✅ Sell-Through Rate (Monthly in Arrears)

May’s sale run rate of 16.1% of Resi stock sold stc (ie 16.1% of Estate Agents properties on the market went sale agreed). 15.36% last month

2024 monthly average: 15.3%. Long term 8 yr average: 17.9%.

✅ Sale Fall-Throughs

6,421 Sale fall-thrus last week from Resi Sale Sales Pipeline of 479k UK homes sale agreed (sold stc).

Another method is that week’s sale fall thrus as a % of gross sales that week. This week, that is 22.8% (last week 23.5%). That is below the 7-year average of 24.2%, and well below the 40%+ levels post-Truss Budget (Autumn 2022).

May’s figure 5.84% of sales in the UK agents pipelines fell thru. For comparison, April ’25 – 5.51%. 2024 average: 5.36%.