UK Property Market Stats Show - Week 28 2023 (with Iain McKenzie) - Ep. 1647

Estate Agents Sales Pipelines Suffering from Constipation Iain McKenzie and Chris Watkin discuss the state of this week's Property Market in the YouTube weekly Show, “The UK Property Market Stats Show”. BAD NEWS ... Estate Agents Sales pipelines suffering from severe constipation as sales taking on average 130 days from sale agreed to exchange. GOOD NEWS ... Gross sales up from last week and Fall Thrus Down The KPIs / Statistics of the UK Property Market for the week (Monday 10th July to Sunday 16th July 2023 inclusive) … + New properties to the market (Listings): 34,682 for the week. The 2023 running weekly average is 32,963. + Average Listing price: £436,421. The 2023 running weekly average is £434,300. + Price reductions: 24,026. The 2023 running weekly average is 19,126. + Average asking price of properties being reduced: £423,133. The 2023 running weekly average is £407,622. + Number of properties Sold (Gross Sales): 21,610. The 2023 running weekly average is 22,303. + Average asking price of those properties that Sold STC this week: £361,664. The 2023 running weekly average is £359,765. + Sale fall throughs: 6,350. The 2023 running weekly average is 5,275. + Sale Fall Thru Rate (Very Important Stat). The number sales fall throughs expressed as a percentage of this week’s gross sales: 29.38% The 2023 running weekly average is 24.4%. (ie this week .. the number of sale fall thrus was 6,350 and the number sale agreed was 21,610. So, 6,350 expressed as a percentage of 21,610 is 29.4%) The Slides & Stats available for personal consumption https://we.tl/t-UsS64nsXu5 This week's town focus is on Wigan - IMPORTANT the Arnold and Phillips data appears to be from another estate Agent who took over their accounts but has not been swapped over with a new name from the TwentyEA data. Going forward - I will inform TwentyEa to rectify that. My apologies for any inconvenience caused