Residential house sales have just had their best week since the summer of 2022, and listings their best week since April 2021, the latest figures show.
Chris Watkin’s special guest this week on the ‘UK Property Market Stats Show’ is Richard Durrant, the managing director of the Relocation Agent Network (RAN) – an affiliate group of UK estate and letting 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Unlike the Land Registry, Halifax and Nationwide indexes, which are already three to eight months out of date, this show focuses on real time property market stats from last week (ending Sunday 28th May).
The idea is to provide estate agents – and anybody else with an interest in property – with information regarding what is happening in the housing market, both nationally and regionally in the UK.
In the last 15 minutes of the show there is a particular look at the Wimbledon property market.
Property market stats for the week (Monday 22nd May to Sunday 28th May inclusive)
+ Listings: 37,885, up 1.49% from last week. The 2023 running weekly average is 32,326.
+ Average listing price: £462,200. The 2023 running weekly average is £430,750.
+ Price reductions: 21,321, up 0.2% from last week’s price reductions). The 2023 running weekly average is 18,014.
+ Average asking price of properties being reduced: £417,900. The 2023 running weekly average is £403,000.
+ Gross sales: 26,861, up 1.97% from last week’s gross sales. The 2023 running weekly average is 22,125.
+ Average asking price of properties sold STC: £368,250. The 2023 running weekly average is £356,750.
+ Sale fall throughs: 5,760, down 0.4% from last week sale fall throughs. The 2023 running weekly average is 5,004.
+ Percentage of sales fall throughs to gross sales: 21.44% The 2023 running weekly average is 23.61%.
