UK Property Market Stats Show - Wk 21 2023 (With Richard Durrant - Ep. 1621

Last week was the best for residential house sales since the Summer of 2022 and best for Listings since April 2021, the latest figures show. Unlike the Land Registry, Halifax and Nationwide indexes, which is already three to eight months out of date, this show focusses on real time property market stats from last week. The idea is to provide estate & letting 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. U.K. Property Market Stats for the week (Mon 22nd May '23 to Sun 28th May '23 inclusive) Listings ... 37,885 (up 1.49% from last week listings). The 2023 Running Weekly Average is 32,326. Average Listing Price ... £462,200. The 2023 Running Weekly Average is £430,750 Price Reductions ... 21,321 (up 0.2% from last week’s price reductions). The 2023 Running Weekly Average is 18,014. Average Asking Price of properties being reduced ... £417,900. The 2023 Running Weekly Average is £403,000. Gross Sales ... 26,861 (up 1.97% from last week Gross sales). The 2023 Running Weekly Average is 22,125. Average Asking Price of properties Sold stc... £368,250. The 2023 Running Weekly Average is £356,750. Sale Fall Thrus ... 5,760 (down 0.4% % from last week Sale fall thrus). The 2023 Running Weekly Average is 5,004. % of Sales fall Thrus to Gross sales (very important stat) ... 21.44% The 2023 Running Weekly Average is 23.61%.(For context - Q4 2024 was very late 30%'s) Watkin’s special guest was Richard Durrant, the Managing Director of the Relocation Agent Network (RAN), - a affiliate group of some of the best UK Estate & Letting Agents All the graphs can be downloaded for personal use here https://we.tl/t-wOGUzkKPMJ The final 15 mins of the podcast looks at the Wimbledon Property Market in London