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