The UK property market continues to gain momentum, with key indicators pointing to increased activity and resilient buyer confidence despite ongoing economic uncertainty.
So far this year, residential transactions are up 15% year-on-year, with 1.24 million new properties listed – he highest year-to-date total in seven years. Meanwhile, sales agreed have reached 897,000, marking a 5.9% increase on 2024 and outperforming the same periods in both 2023 and the pre-pandemic market of 2019.
New listings are up 3.7% year-on-year, with growth recorded across all price brackets. The £350k–£1m range saw the strongest increase at +4.8%, followed by £200k–£350k at +4.6%. Regionally, supply has risen in every part of the UK except Northern Ireland, with outer London leading the charge at +7% YoY.
Price realism is becoming more embedded in the market. A record 809,000 price reductions have been recorded so far in 2025 – 7.8% higher than the same period last year. Despite this, the proportion of completed listings with a price cut has increased only marginally to 38.7%, up from 38.1% in 2024.
Price reduction trends vary by segment, with a decline in the £200k–£350k range but an uptick in the £1m+ bracket. Geographically, reductions are easing in the North, while rising in London and the South, led by a +2.8 percentage point increase in inner London.
The average time to sale agreed has risen to 77 days, six days longer than in 2024 and the longest average in five years. The increase spans all price points, with the £1m-plus segment now averaging 114 days. Regionally, Northern Ireland is the only area to buck the trend, showing a 3.2% year-on-year decrease in time to sell. The South West saw the steepest rise, with an additional 12 days on average.
The average time from sale agreed to exchange now stands at 123 days (4.0 months), up 2.3% on 2024 and 36% higher than in 2019. Timelines vary significantly across the UK—from 2.9 months in Scotland to 4.6 months in Outer London.
Katy Billany, executive director at TwentyEA, said: “With new instructions at a seven‑year high and sales agreed nearly 6% up on last year, agents should see stronger pipelines through the autumn. The uplift in mid‑to‑upper price bands, combined with broad-based regional growth, points to a healthier choice of stock and improved conversion opportunities.
“With price reductions at record volumes but only a marginal rise in the proportion of listings affected, agents have a clear opportunity to position themselves as trusted advisers, guiding sellers on realistic pricing early to secure faster sales and protect pipeline strength.”
Read the orginal article: https://propertyindustryeye.com/new-property-listings-hit-seven-year-high-amid-growing-buyer-demand/
