What is currently happening in the UK property market?

This week, I’m joined by Iain White, ex-Romans boss and estate Agency coach and thought leader,  as we unpack the key headlines from the week ending Sunday 12th October 2025.

🔍 Key Market Headlines – Week 40, 2025

✅ New Listings

• 32.7k new properties came to market this week, down as expected from 34.3k last week.
• 2025 weekly average: 36.1k.
• Nine year week 40 average :33.4k
• Year-to-date (YTD): 1.44m new listings, 2.2% higher than 2024 YTD (1.41m) and 10% above the 2017–19 average (1.31m). 

✅ Price Reductions

• 24.6k reductions this week, slightly higher to last week at 25.6k.
• Increase in the number of homes on the market being reduced in September to 14.1%. In August, it was 11.1% (everyone must have been on holiday!), whilst it was 14.1% in July and 14% in June.
• 2025 average so far: 13.2%, versus the five-year long-term average of 10.74%.

✅ Sales Agreed

• 24.8k homes sold subject to contract this week, down as expected from 25.6k last week.
• Week 40 average (for last 9 years) :24.8k
• 2025 weekly average : 26.1k.
• YTD: 1.044m gross sales, which is 5.1% ahead of 2024 (994k) and 13.2% above the 2017–19 average (922k).

✅ Price Diff between Listings & Sales

• Average Asking Price of listings last week £432k vs Average asking price of Sales Agreed (SSTC) – £364k
• 18.7% difference (long term 9 year average is 16% to 17%).

✅ Sell-Through Rate 

• 14.1% of homes on agents’ books went SSTC in September.
• 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

• 6,262 fall-throughs last week (pipeline of 510k home Sold STC).
• Weekly average for 2025: 6,562.
• Fall-through rate: 25.3%, up from 24.6% last week.
• Long-term average: 24.2% (post-Truss chaos saw levels exceed 40%).

✅ Net Sales

• 18.5k net sales this week, up from 19.4k last week.
• Nine-year Week 40 average: 18.2k.
• Weekly average for 2025: 19.9k.
• YTD: 795k, which is 4.3% ahead of 2024 (762k) and 10% above 2017–19 (724k).

✅ Probability of Selling (% that Exchange vs withdrawal)

• Preliminary September Stats : 52.7% of homes that left agents’ books exchanged & completed. (Note this will change as more September stats come in in throughout October)
• August :55.8% / July: 50.9% / June: 51.3% / May: 51.7% / April: 53.2%.

✅ Stock Levels 

• 751k homes on the market at the start of October, 4% higher than October 2024. (723k)
• 510k homes in sales pipeline on the 1st October, 2% higher than 12 months ago.

✅ House Prices (£/sq.ft)

• October 2025 agreed sales averaged £336.54 per sq.ft.

✅ Rentals

• Average Monthly Rents by region