What is currently happening in the UK property market?

This week’s UK Property Market Stats Show reviews market activity for the week ending Sunday 5 April 2026, with analysis from myself and Adam Lawrence on the latest national trends.

In the second part, we examine estate and letting agent performance in Hereford, identifying which firms are delivering the strongest results.

The discussion also highlights how agents can use performance data to demonstrate value, helping them compete on more than just price and avoid losing instructions to overvaluing or low-fee competitors.

UK Property Market Headlines for Week 13 2026

🟩 Listings YTD

480k new properties have come onto the market YTD , 0.6% ahead of 2025, 7.5% above 2024, and 18.2% higher than the 2017–19 average.

🟧Gross Sales YTD

321k UK homes sold STC YTD , 6.2% lower than 2025, 6.2% higher than 2024, and 15.3% above pre Covid norms.

🟩 Net Sales YTD

251k UK net home sales YTD (Net Sales being Gross sales less Fall Thrus). 3.6% lower than 2025 (261k), 5.9% ahead of 2024 (238k), 18.8% ahead of 2023 (212k) and 12.3% above the 2017–19 average (224k).

🟥 Exchanges YTD

172k UK Exchanges to the middle of March 2026

9.3% lower than middle of March 2025, when it was 188k.

Note – this gap will narrow throughout April as more March ’26 exchanges come through the system.

🟥 Overvaluing

47.4% of the homes that left UK Estate Agents books in March were withdrawn unsold. Main cause – blatant overvaluing supported by long sole agency agreements of 20+ weeks.

Detailed Breakdown …

IMPORTANT NOTE – this was Good Friday week, and historically most metrics drop around 10% to 15% compared to the week before

✅ New Listings

• 38.4k new properties came onto market this week (week 13), down from 40.3k last week.

• 2025 weekly average: 30.6k

• 10-year week 13 average : 34k.

✅ Price Reductions

• 20k reductions this week, down from 23.2k last week

• 13.2% of resi homes for sale were reduced in March. Mar 25 – 13.4%. Mar 24 – 12.2%

• 2025 average was 12.8%, versus the 6-year long-term average of 10.7%.

✅ Sales Agreed

• 24k homes sold stc this week 13, down from 26.3k last week.

• Week 13 average (for last 10 years which includes the post pandemic boom) : 24.5k

• 2026 weekly average : 24.7k.

✅ Sell-Through Rate

• 15.4% of homes on agents’ books went SSTC in February ’26. (Feb ’25 – 16.1% / Feb ’24 – 16.7%) – March figures to follow next month.

• Pre-Covid average: 15.5%.

✅ Price Difference between Listings & Sales

• 22.7% difference (long term 10 year average is 16% to 17%). (£438k ave Listing Ave Asking price vs £357k Sale Agreed ave Asking price).

✅ Fall-Throughs

• 4,921 fall-throughs last week (pipeline of 453k home Sold STC).

• Weekly average of fall thrus for 2025: 6.1k. As a comparison 5.3k per week in 2026 YTD

• Fall-through rate (Fall thru expressed as a % of the Gross sales that week): 21%, the same as last week.

• Long-term average: 24.2% (post-Truss chaos saw levels exceed 40%).

• 5.1% of all the sales agreed in Estate Agent’s Sales pipelines fell thru in March 2026. 2025 average – 5.3% & 10 year average – 5.8%).

✅ Net Sales

• 18.5k Net Sales, down from 20.8k last week

• Ten-year Week 13 average: 19.4k.

• Weekly average for 2026: 19.4k.

• Weekly average for the whole of 2025: 18.8k.

✅ Probability of Selling (% that Exchange vs withdrawal)

• March ’26 Stats : 52.6% of homes that left agents’ books exchanged & completed in March. (Note this figure will change throughout the month as more March stats come in).

• 57.6% is the 7 year average (which includes the crazy years post lockdown 18 months).

✅ House Prices (£/sq.ft)

• March ’26 agreed sales averaged £345.64 per sq.ft. 2% higher than 12 months ago (£338.97) and 12.7% than 5 years ago (£306.76). The £/sqft at sale agreed matches the HM Land Registry Index with a 98% accuracy, 5 months in advance. That is why it is so important.