Alice Bullard, boss lady of Nested, and I have looked at the UK property market for the week ending Sunday 2nd October 2025.
✅ New Listings
+ 27.5k new properties came to market this week, down as expected from 29.3k last week.
+ 2025 weekly average: 35.6k.
+ Nine year week 43 average :29.1k
+ Year-to-date (YTD): 1.53m new listings, 1.5% higher than 2024 YTD (1.51m) and 9.1% above the 2017–19 average (1.40m).
✅ Price Reductions
+ 18.3k reductions this week, lower as expected, than last week’s at 21.3k.
+ Increase in the number of homes on the market being reduced in September to 14.1% (these stats are always done a month in arrears). In August, it was 11.1% (everyone must have been on holiday!), whilst it was 14.1% in July and 14% in June. (October figures to follow next week).
+ 2025 average so far: 13.2%, versus the five-year long-term average of 10.74%.
✅ Sales Agreed
+ 23.5k homes sold subject to contract this week, down as expected from 24.2k last week.
+ Week 43 average (for last 9 years) :23.8k
+ 2025 weekly average : 26k.
+ YTD: 1.116m gross sales, which is 4.2% ahead of 2024 (1.071m) and 12.5% above the 2017–19 average (992k). .
✅ Price Diff between Listings & Sales
+ Average Asking Price of listings last week £398k vs Average asking price of Sales Agreed (SSTC) – £358k – a 11.2% difference (long term 9-year average is 16% to 17%)
+ The average listing price has dropped from £452k in Sept to £415k in October.. ie fewer expensive homes being listed .
✅ Sell-Through Rate
+ 14.1% of homes on agents’ books went SSTC in September. (October figures to follow in November)
+ Down from 14.5% in Aug, 15.4% in July, 15.3% in June, and 16.1% in May.
+ Pre-Covid average: 15.5%.
✅ Fall-Throughs
+ 5,278 fall-throughs last week (pipeline of 510k home Sold STC).
+ Weekly average for 2025: 6,181.
+ Fall-through rate: 24.2%, slightly down from 24.3% last week.
+ Long-term average: 24.2% (post-Truss chaos saw levels exceed 40%). .
✅ Net Sales
+ 18.2k net sales this week, down (as expected) from 18.3k last week.
+ Nine-year Week 43 average: 17.9k.
+ Weekly average for 2025: 19.8k.
+ YTD: 850k, which is 3.6% ahead of 2024 (821k) and 9.5% above 2017–19 (776k). .
✅ Probability of Selling (% that Exchange vs withdrawal)
+ Final September Stats : 53.1% of homes that left agents’ books exchanged & completed in September. October ones to follow next week
+ August :55.8% / July: 50.9% / June: 51.3% / May: 51.7% / April: 53.2%.
✅ House Prices (£/sq.ft)
+ October 2025 agreed sales averaged £338.38 per sq.ft ( up from £336.02 per sq.ft. in Sept)
✅ October Property Market Overview
The number of UK homes sold subject to contract in whole of October 2025 slipped 2.6% compared with October 2024, falling from 114k to 111k.
It is the kind of statistic that grabs attention, and some will no doubt use it as proof that the market is softening.
London carried most of the decline, down 11.7% overall. When London is split down, Inner London dropped 14.1% and Outer London 8.9%.
However, as number of house sales in London only represents a small portion of the national home sales, meaning that even sharp London falls barely dent overall UK figures.
(Inner London house sales went from 7,065 in October 2024 to 6,070 sales in October 2025 and Outer London went from 5,031 house sales in October 2024 to 4,620 in October 2025.)
The wider market, meanwhile, remains impressively resilient.
While sales volumes are fractionally down on last year, 2024 was itself a standout year with unusually strong spring and summer sales.
Also, we need to put things in context, because back in October 2023, only 87k homes were sold stc across the UK, and in 2022, the figure was 84k.
That means October 2025 still outperformed both those years by more than 24k additional sales, which is hardly the sign of a struggling market.
The takeaway? The market hasn’t stumbled, it’s simply 97.4% of what it was last year
