UK Property Market Stats Show - Week 20 2023 - Ep.1615

Last week was the best week for residential house sales since the Summer of 2022 and the best for Listings since April 2021 Chris Watkin’s special guest this week on the 'UK Property Market Stats Show' is Iain White, ex Romans boss and now Guru to some of the biggest names in the property industry Unlike the Land Registry, Halifax, and Nationwide indexes, which are already three to eight months out of date, this show focuses on real-time property market stats from last week (Week ending Sunday, 21st May 2023). The idea is to provide estate agents – and anybody else with an interest in property – with information regarding what is happening in the housing market – both nationally and regionally U.K. Property Market data for the week (Mon 15th May '23 to Sun 21st May '23 inclusive) Listings ... 37,327 (up 21.2% from last week listings). The 2023 Running Weekly Average is 32,048. Average Listing Price ... £445,500. The 2023 Running Weekly Average is £429,200 Price Reductions ... 21,283 (up 16.4% from last week’s price reductions). The 2023 Running Weekly Average is 17,848. Average Asking Price of properties being reduced ... £406,100. The 2023 Running Weekly Average is £402,250. Gross Sales ... 26,341 (up 25.8% from last week Gross sales). The 2023 Running Weekly Average is 21,888. Average Asking Price of properties Sold stc... £373,900. The 2023 Running Weekly Average is £356,200. Sale Fall Thrus ... 5,784 (up 28.3 % from last week Sale fall thrus). The 2023 Running Weekly Average is 4,967. % of Sales fall Thrus to Gross sales (very important stat) ... 21.96% The 2023 Running Weekly Average is 23.72%.(For context - Q4 2024 was very late 30%'s) After that, the regional stats for all of the above are mentioned. Finally, in the last 15 mins, Iain and Chris take a look at the Watford property market and the Estate & Letting Agents and their performance over the last 12 months.