The UK Property Market Update for the week, finishing Sunday, the 2nd February 2025
As we step into February, the UK property market continues to navigate shifting economic conditions, fluctuating interest rates, and evolving buyer sentiment. This week's update provides a statistical analysis, offering insights into whatโs shaping the UK Property Market week ending 2nd February 2025.
The UK Property Market Update for the week, finishing Sunday, the 2nd February 2025
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Listings (New Properties on the Market)
35.9k new listings this week (last week 34.9k)
Thatโs 13% higher than Week 4 of 2024 YTD and 12% higher YTD compared to 2017/18/19.
โ
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%.
๐๐ค๐ข๐ฅ๐๐ก๐๐ ๐๐ฎ ๐๐ง๐ค๐ฅ๐๐ง๐ฉ๐ฎ๐๐ฉ๐๐ฉ๐ค ๐พ๐๐ง๐๐จ ๐๐๐ฉ๐ ๐๐ฃ ๐ช๐จ๐๐ฃ๐ ๐๐ฌ๐๐ฃ๐ฉ๐ฎ๐๐ผ ๐ฟ๐๐ฉ๐
If youโre interested to move and want a reliable, professional approach to selling your home in 2025, I'm here to help. Let's work together to make your property stand out in Attleborough's market, and attract motivated buyers to ensure a smooth sale from start to finish.
Get in touch with me today to learn more about my tailored advice and marketing strategy to sell your Attleborough home.
๐๐ฎ๐น๐น ๐บ๐ฒ ๐ผ๐ป (๐ฌ๐ญ๐ต๐ฑ๐ฏ) ๐ฐ๐ฑ๐ฏ๐ด๐ฏ๐ด ๐ผ๐ฟ ๐ฌ๐ณ๐ต๐ณ๐ฌ๐ฎ๐ฌ๐ฏ๐ฎ๐ฎ๐ด ๐ผ๐ฟ ๐ฑ๐ฟ๐ผ๐ฝ ๐บ๐ฒ ๐ฎ๐ป ๐ฒ๐บ๐ฎ๐ถ๐น ๐๐ผ ๐๐ผ๐ป๐@๐บ๐ถ๐น๐น๐ฏ๐ฎ๐ป๐ธ๐.๐ฐ๐ผ๐บ
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โ
Total Gross Sales (Agreed Sales)
27.5k UK homes sold STC this week, up from 25.7k last week in Week 3
Thatโs 29% higher YTD compared to 2024 and 37% higher than 2017/18/19 YTD levels.
โ
Sale-Through Rate (Monthly in Arrears)
Januaryโs 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%.
โ
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 weekโs 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 โ25 as a whole, 6.03% of sales in the UK estate agents sales pipelines fell thru in Jan 25. For comparison, 2024 average: 5.36%.
โ
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.
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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 :
โข 2024: 612k
โข 2023: 525k
โข 2022: 373k
โข 2021: 538k
โข 2020: 591k
โข 2019: 614k
โข 2018: 540k
โข 2017: 525k
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Residential Sales Sold STC Pipeline
440k sales agreed but not yet completed at the end of January 2025.
Historical comparison for January :
โข 2024: 354k
โข 2023: 347k
โข 2022: 447k
โข 2021: 459k
โข 2020: 308k
โข 2019: 290k
โข 2018: 282k
โข 2017: 270k
โ
UK House Prices (ยฃ/sq.ft)
As always, the ยฃ/sq.ft metric predicts Land Registry figures 5 months in advance with 92% accuracy (the orange line of the graph).
Januaryโs final figure: ยฃ342/sq.ft.
โข December โ24 : ยฃ339/sq.ft
โข August โ24: ยฃ334/sq.ft
โข January โ24: ยฃ330/sq.ft
This means UK house prices have risen 3.64% in the last 12 months.
Data compiled by Chris 'Property Stato' Watkin using Twenty EA Data
If youโre interested to move and want a reliable, professional approach to selling your home in 2025, I'm here to help. Let's work together to make your property stand out in Attleborough's market, and attract motivated buyers to ensure a smooth sale from start to finish.
Get in touch with me today to learn more about my tailored advice and marketing strategy to sell your Attleborough home.
๐๐ฎ๐น๐น ๐บ๐ฒ ๐ผ๐ป (๐ฌ๐ญ๐ต๐ฑ๐ฏ) ๐ฐ๐ฑ๐ฏ๐ด๐ฏ๐ด ๐ผ๐ฟ ๐ฌ๐ณ๐ต๐ณ๐ฌ๐ฎ๐ฌ๐ฏ๐ฎ๐ฎ๐ด ๐ผ๐ฟ ๐ฑ๐ฟ๐ผ๐ฝ ๐บ๐ฒ ๐ฎ๐ป ๐ฒ๐บ๐ฎ๐ถ๐น ๐๐ผ ๐๐ผ๐ป๐@๐บ๐ถ๐น๐น๐ฏ๐ฎ๐ป๐ธ๐.๐ฐ๐ผ๐บ