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This week, I am joined by Bryan Mansell as we delve into the key property market headlines for 16th week of 2025 ending on the 27th April 2025.
It must be stressed that this was an Easter week, so many of the metrics are lower than normal (see the graphs to see this is a normal occurrence)
✅ Listings (New Properties on the Market)
32.5k new listings this week (last week 37.5k)
YTD 6% higher than Week 16 of 2024 YTD and 9% higher YTD compared to 2017/18/19.
✅ Price Reductions (% of Resi Stock)
22.1k Price Reductions this week – Monthly Run Rate in reductions – 1 in 7.5 of Resi Sales stock per month is being reduced (which represents 13.4%).
For comparison, 12.1% average in 2024, though the long-term 5-year average is 10.6%.
✅ Total Gross Sales (Agreed Sales)
22.8k UK homes sold STC this week, down slightly as expected because of Easter Weekend
YTD – The number of Sold STC Resi homes are 11% higher compared to 2024 (417k Sales agreed YTD 2025 vs 377k YTD 2024) and 19% higher than 2017/18/19 YTD levels (351k).
✅ Sell-Through Rate (Monthly in Arrears)
March’s sale run rate of 16.3% of Resi stock sold stc (ie 16.3% of Estate Agents properties on the market went sale agreed). April’s stats will shown next week. 2024 monthly average: 15.3%. Long-term 8-year average: 17.9%.
✅ Sale Fall-Throughs
5,377 Sale fall-thrus last week from Resi Sale Sales Pipeline of 467,414 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 23.6% (last week 22.5%). Just above the 7-year average of 24.2%, yet well below the 40%+ levels post-Truss Budget (Autumn 2022).
In March, as a whole, 5.75% of sales in the UK agents pipelines fell thru. For comparison, 2024 average: 5.36%. Again, April’s figure for this stat will announced next week.
✅ Net Sales (Gross sales for the week less Sale Fall Thrus for the week)
17.4k net sales this week (19k last week), compared 2025 weekly average of 19.9k. (remember its Easter)
2025 YTD is 8% higher than compared to 2024 YTD and 13% higher than YTD 2017/18/19.
Local Focus this week
Newport (Wales)
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#happening #property #market
