UK property market update: Week 37, 2025
The property market continues to build momentum this September, with healthy levels of new listings, steady buyer demand, and positive growth across both sales and rentals. It’s a market that offers opportunities for sellers and reassurance for buyers, with trends pointing to a confident close to the year. Read below to explore the latest insights!
✅ New Listings
• 35.9k new properties came to market this week, down from 37.4k last week.
• 2025 weekly average: 36.2k.
• Nine year week 37 average :35.6k
• Year-to-date (YTD): 1.34m new listings, 2.8% higher than 2024 YTD and 10.6% above the 2017–19 average.
✅ Price Reductions
• 26.2k reductions this week, slightly higher to last week at 25.6k.
• Only 11.1% of homes were reduced in August, compared with 14.1% in July and 14% in June.
• 2025 average so far: 13.1%, versus the five-year long-term average of 10.7%.
✅ Sales Agreed
• 25.3k homes sold subject to contract this week, slightly down from 25.6k last week.
• Week 37 average (for last 9 years) :25.5k
• 2025 weekly average : 26.2k.
• YTD: 969k gross sales, which is 5.9% ahead of 2024 (914k) and 13.5% above the 2017–19 average (854k).
✅ Sell-Through Rate
• 14.5% of homes on agents' books went SSTC in August.
• Down from 15.4% in July, 15.3% in June, and 16.1% in May.
• Pre-Covid average: 15.5%.
✅ Fall-Throughs
• 6,328 fall-throughs last week (pipeline of 510k home Sold STC).
• Weekly average for 2025: 6,219.
• Fall-through rate: 25%, up from 24.8% last week.
• Long-term average: 24.2% (post-Truss chaos saw levels exceed 40%).
✅ Net Sales
• 19k net sales this week, up from 19.2k last week.
• Nine-year Week 37 average: 19.3k.
• Weekly average for 2025: 20k.
• YTD: 739k, which is 5.1% ahead of 2024 (703k) and 10% above 2017–19 (671k).
✅ Probability of Selling (% that Exchange vs withdrawal)
• Preliminary August: 55.1% of homes that left agents’ books exchanged & completed.
• July: 50.9% / June: 51.3% / May: 51.7% / April: 53.2%.
✅ Stock Levels (1st of Month)
• 736k homes on the market at the start of September, 6.7% higher than Sept 2024.
• 510k homes in pipelines, 3.4% higher than August 2024.
✅ House Prices (£/sq.ft)
• August 2025 agreed sales averaged £338.78 per sq.ft.
• 1.41% higher than August 2024, and 14.25% higher than August 2020.
✅ Rental Market
• August 2025 average rent: £1,828 pcm (vs £1,779 pcm in August 2024).
• YTD 2025 average: £1,776 pcm.
• 299k rental properties came on the market in August 2025, compared to 305k in Aug ’24, 243k in Aug ’23 & 353k in Aug ’19
If you would like to chat about our local property market, feel free to drop me a call on 01282 772048 or email me at info@pendlehillproperties.co.uk