What’s Going On in the UK Real Estate Market Right Now? – TNT

36.7k new listings this week (last week 37.7k)

YTD still 5% higher than Week 25 of 2024 YTD and 7.6% higher YTD compared to 2017/18/19.

(9301k Listings YTD 2025 vs 889k YTD 2024)

✅ Price Reductions (% of Resi Stock)

26.7k Price Reductions this week (last week 26.8k)

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)

27.5k UK homes sold STC this week (last week 28.3k)

YTD – The number of Sold STC Resi homes are 8% higher compared to 2024  (664k Sales agreed YTD 2025 vs 615k YTD 2024) and 15.6% higher than 2017/18/19 YTD levels (575k).

✅ Sell-Through Rate (Monthly in Arrears)

(Month 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

6,529 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 23.7% (last week 23.2%). 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%. (June’s figures to follow next week)

✅ Net Sales (Gross sales for the week less Sale Fall Thrus for the week)

21k net sales this week (21.7k last week), compared 2025 weekly average of 20k.

509k Net sales 2025 YTD total is still 6% higher than compared to 2024 YTD (480k) and 11.1% higher than YTD 2017/18/19 (458k).

Local Focus this week

Mansfield