UK Property Market Stats Show - Week 30 2023 (with James Forrester) - Ep.1654

The UK Property Market is still holding its own, despite the current economic woes with net sales up 2.54% on the last 3 weeks running average. Also, sale fall thrus down 8% from last week In this week’s ‘UK Property Market Stats Show’, this week’s special guest James Forrester and myself discuss what happened in the UK Property Market last week (ending Sunday 30th July) with regard to listings, price reductions, sales agreed and the sales falling thru at a National and Regional basis The key statistics of the UK Property Market for the week (Monday 24th July to Sunday 30th July 2023 inclusive) … + New properties to the market (Listings): 32,232 for the week. The 2023 running weekly average is 32,943. + Average Listing price: £416,478. The 2023 running weekly average is £433,282. + Price reductions: 21,679. The 2023 running weekly average is 19,371. + Average asking price of properties being reduced: £404,548. The 2023 running weekly average is £407,546. + Number of properties Sold (Gross Sales): 21,440. The 2023 running weekly average is 22,254. + Average asking price of those properties that Sold STC this week: £353,838. The 2023 running weekly average is £359,422. + Sale fall throughs: 5,952. The 2023 running weekly average is 5,338. + Sale Fall Thru Rate (Very Important Stat). The number sales fall throughs expressed as a percentage of this week’s gross sales: 27.76%. The average over the last month 29.31% The 2023 running weekly average is 24.68%. + Net Sales this week: 15,488. The 2023 running weekly average is 16,917. + Year to date Net Sales - 508k - compared to 625k in 2022, 721k in 2021, 441k in 2020, 559k in 2019, 563k in 2018 and 528k in 2017. This weeks town focus is on Shrewsbury All graphs and graphics can be downloaded here for personal use - https://we.tl/t-Qh5yfOBjnV