UK Property Market Stats Show - Week 4 2025 - Ep.2107

Welcome to the fourth UK Property Market Stats Show of 2025, your go to weekly Podcast show on the UK Property Market (also on YouTube - link below) This week, I’m joined by the awesome Bryan Mansell, CEO of Gazeal & revered former Countrywide Regional Director in London & the SE, as we delve into the key property market headlines for 4th week of 2025 ending on the 2nd February 2025. ✴️ UK Property Market Highlights this week ✅ Listings (New Properties on the Market) 35.9k new listings this week (last week 34.9k) That’s 13% higher than Week 4 of 2024 YTD and 12% higher YTD compared to 2017/18/19. ✅ Price Reductions (% of Resi Stock) 21k Price Reductions this week - meaning an approx run rate of 1 in 8 of Resi Sales stock per month is being reduced (12.1%). For comparison, 11.9% average in 2024, though the long-term 5-year average is 10.6%. ✅ Total Gross Sales (Agreed Sales) 27.5k UK homes sold STC this week, up from 25.7k last week in Week 3 That’s 29% higher YTD compared to 2024 and 37% higher than 2017/18/19 YTD levels. ✅ Sale-Through Rate (Monthly in Arrears) January’s Run rate of 15% of Resi stock sold stc. For comparison, 13.9% of residential sales stock sold in January 2025. 2024 monthly average: 15.3%. Long-term 8-year average: 17.9%. ✅ Sale Fall-Throughs 6,186 Sale fall-thrus last week from Resi Sale Sales Pipeline of 440,431 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 22.5% (last week 23.3%). Slightly below the 7-year average of 24.2%, but well below the 40%+ levels post-Truss Budget (Autumn 2022). For January ’25 as a whole, 6.03% of sales in the UK agents pipelines fell thru in Jan 25. For comparison, 2024 average: 5.36%. ✅ Net Sales (Gross sales for the week less Sale Fall Thrus for the week) 21.3k net sales this week, compared to a typical week 3 average of 19.41k. Last week Week 3 2025) - 19.7k. 2025 YTD is 29% higher than compared to 2024 YTD and 32% higher than YTD 2017/18/19. ✅ Residential Sales Stock on the Market 660k properties on the market at the end of January 2025 (up, as expected, from 605k in December). Historical comparison for end of January : * 2024: 612k * 2023: 525k * 2022: 373k * 2021: 538k * 2020: 591k * 2019: 614k * 2018: 540k * 2017: 525k ✅ Residential Sales Sold STC Pipeline 440k sales agreed but not yet completed at the end of January 2025. Historical comparison for January : * 2024: 354k * 2023: 347k * 2022: 447k * 2021: 459k * 2020: 308k * 2019: 290k * 2018: 282k * 2017: 270k ✅ UK House Prices (£/sq.ft) As always, the £/sq.ft metric predicts Land Registry figures 5 months in advance with 92% accuracy (the orange line of the graph). January’s final figure: £342/sq.ft. * December ’24 : £339/sq.ft * August ’24: £334/sq.ft * January ’24: £330/sq.ft This means UK house prices have risen 3.64% in the last 12 months. Local Focus this week - Penzance Graphs & Charts - https://we.tl/t-mV5imtKDEn The YouTube Show - https://youtu.be/rxNehdfEQzI