What is currently happening in the UK property market?

This week, I am joined by Toby Phillips from TPFG (and Bossman of Martin & Co, CJ Hole , Parkers , Country Properties, Mullucks and Ellis and Co brands), as we delve into the key property market headlines for 17th week of 2025 ending on the 4th May 2025.

✅ Listings (New Properties on the Market)

42.6k new listings this week (last week 32.5k)

YTD 6% higher than Week 17 of 2024 YTD and 9% higher YTD compared to 2017/18/19.

✅ Price Reductions (% of Resi Stock)

27.2k 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)

28.3k UK homes sold STC this week, the highest its been for 145 weeks (late May 2022)

YTD – The number of Sold STC Resi homes are 10% higher compared to 2024  (445k Sales agreed YTD 2025 vs 405k YTD 2024) and 19% higher than 2017/18/19 YTD levels (375k).

✅ Sell-Through Rate (Monthly in Arrears)

April’s sale run rate of 15.36% of Resi stock sold stc (ie 15.36% of Estate Agents properties on the market went sale agreed). March’s was 16.3%. 2024 monthly average: 15.3%. Long-term 8-year average: 17.9%.

✅ Sale Fall-Throughs

6,449 Sale fall-thrus last week from Resi Sale Sales Pipeline of 453k 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 22.7% (last week 23.6%). Just above the 7-year average of 24.2%, yet well below the 40%+ levels post-Truss Budget (Autumn 2022).

In April, as a whole, 5.51% of sales in the UK agents pipelines fell thru. For comparison, 2024 average: 5.36%.

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

21.9k net sales this week (17.4k last week), compared 2025 weekly average of 20k.

2025 YTD is 7% higher than compared to 2024 YTD and 13% higher than YTD 2017/18/19.

Brighton & Hove