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

Mark Helprin by Mark Helprin
July 11, 2025
in Real Estate
What is currently happening in the UK property market? – London Wallet
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Welcome to the 26th UK Property Market Stats Show of 2025 – your go-to weekly TV Show on the UK property market.

This week, I am joined by Kristian Stott, as we unpack the key headlines from the week ending 6 July 2025.

 

✅ Listings (New to Market)

36,900 new listings this week (Up from 36.7k last week)

YTD listings are 4.7% higher than 2024 YTD and 7.7% above the 2017–19 YTD average (968k YTD vs 924k in 2024).

✅ Price Reductions

27,500 reductions this week (Up slightly from 26.7k)

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

For context:

• 14% in June & 13.4% in May
• 12.1% average in 2024
• Long-term 5-year average: 10.6%.

✅ Sales Agreed

26,600 homes sold STC this week (↓ from 27.5k last week)

YTD agreed sales:
• 7.7% up on 2024 (691k vs 641k)
• 15.6% up on pre-Covid average (600k in 2017–19).

✅ Sell-Through Rate (June, in arrears)

15.3% of properties on the market went SSTC in June
That’s up from 16.1% in May
2024 average: 15.3%
8-year average: 17.9%.

✅ Sale Fall-Throughs

15.3% of properties on the market went SSTC in June
That’s up from 16.1% in May
2024 average: 15.3%
8-year average: 17.9%.

✅ Net Sales

19,900 net sales this week (↓ from 21.0k last week)
Weekly average for 2025: 20k
YTD Net Sales:
• 529k in 2025
• +5.7% on 2024 YTD (500k)
• +10.7% on 2017–19 YTD (478k).

✅ % Chance the Home will Sell

June stats showed 49.1% of UK Homes that left the estate agents books in June 2025, exchanged contracts (ie the agent got paid and the home moved on completion), the remaining 50.9% left estate agent books, unsold and homeowner staying in their home.

NB – this June stat will change throughout July as more datas comes through.

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

758k homes on the market at the start of June – 8.3% higher than July 2024496k homes in Estate Agents sales pipelines  – 4.9% than than July 2024.

✅ House Prices (measured by £/sq.ft)

£346.45/sqft on Sales Agreed in June 2025  – 2.46% higher than June 2024 and 1.48% higher than June 2022.

✅ Rental Stats

June 2025 with an average rent of £1,826 pcm (June ’24 figure £1,758)

 

Local Focus: Cleethorpes & Grimsby

 

What is currently happening in the UK property market?





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