Welcome to the second UK Property Market Stats Show of 2025, which unpicks the latest property market trends.
This week, I’m thrilled to be joined by the brilliant Verona Frankish, CEO of Yopa, one of the UK’s largest estate agency brands, to delve into the key property market headlines for Week 2 of 2025.
Before we dive in, a quick note: since 2025’s first full week started later (on Monday, 6th January 2025), some figures this year appear significantly higher compared to previous years. This anomaly will smooth out as January progresses.
UK Property Market Highlights – Week 2 of 2025
Listings (New Properties on the Market)
33.7k new listings this week.
That’s 19% higher than Week 2 of 2024 YTD and 18% higher YTD compared to 2017/18/19.
Price Reductions (% of Resi Stock)
7.8% of residential sales stock reduced in December (monthly figure).
Down from 11.1% in November and 11.9% average in 2024, though the long-term 5-year average is 10.6%.
December traditionally sees a dip in this metric. Graph 5
Total Gross Sales (Agreed Sales)
23.8k UK homes sold STC this week, up from 19.2k in Week 1.
That’s 48% higher YTD compared to 2024 and 8.7% higher than 2017/18/19 YTD levels.
Sale-Through Rate (Monthly)
10.61% of residential sales stock sold in December 2024, compared to 8.79% in December 2023.
2024 monthly average: 15.3%. Long-term 7-year average: 17.9%.
Sale Fall-Throughs
25.4% of gross sales fell through this week – slightly above the 7-year average of 24.2%, but well below the 40% levels post-Truss Budget (Autumn 2022).
On a monthly basis, 3.8% of the December 2024 sales pipeline fell through (2024 average: 5.36%).
Net Sales
17.7k net sales this week, compared to a typical weekly average of 14.3k.
That’s 54% higher YTD compared to 2024 and 60% higher than YTD 2017/18/19.
Residential Sales Stock on the Market
605k properties on the market at the end of December 2024 (down from 677k in November).
Historical comparison for December 2024:
2023: 560k
2022: 481k
2021: 342k
2020: 543k
2019: 545k.
Residential Sales Sold STC Pipeline
441k sales agreed but not yet completed at the end of December.
Historical comparison for December 2024:
2023: 359k
2022: 373k
2021: 468k
2020: 548k
2019: 310k. Graph 30
UK House Prices (£/sq.ft)
As always, the £/sq.ft metric predicts Land Registry figures 5 months in advance with 92% accuracy
December’s final figure: £339/sq.ft.
November: £342/sq.ft
August: £334/sq.ft
December 2023: £322/sq.ft
This means house prices have risen 5.28% in the last 12 months.
Local Focus – Luton
Don’t miss our deep dive into the property market in Luton this week, where we uncover the stats and trends shaping this local market.
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