UK Property Market Stats Show - Week 2 2025 - Ep.2093

This is the second ‘UK Property Market Stats Show’ of 2025, the ‘Stat Show’ is a weekly one-hour documentary report on YouTube. It is for the week ending Sunday, 19th January 2025, I am joined by this week’s special guest, Verona Frankish, boss lady of Yopa, the 6th/7th largest Estate Agency brand in the UK to discuss the property market headlines for Week 2 of 2025. It must be stressed this is the second week of the year, and because the first full week started later than other years (on Monday, the 6th January 2025), some of the figures, when compared to previous years, are considerably higher than other years. This will settle down as the rest of January opens out. The YouTube Report https://youtu.be/5loAxkM0NwQ The main headlines this week though: · Listings (New properties coming on to the market) - 33.7k UK listings this week (week 2). 19% higher than wk2 in 2024 YTD. 18% higher YTD than 17/18/19 YTD · % of Resi Sales Stock being reduced (Monthly): 7.8% of Resi sales stock was reduced in December (this stat is monthly in arrears). 11.1% in November. 11.9% & 2024 average and long term 5 year average 10.6%. NB We always get a dip of this stat in December · Total Gross Sales - 23.8k UK homes sold stc this week (Week 2) - interesting when compared with last week - 19.2k in Week 1. 48% higher YTD than YTD in 2024. Also, 8.7% higher than 2017/18/19 YTD levels. · Sale Thru rate (Monthly): UK Estate Agents sold 10.61% of their Resi sales stock in Dec ’24 (Dec ’23 - 8.79%). 2024 average is 15.3% & the 7 year long term average is 17.9% per month. · Sale fall-throughs - For the week 2, Sale Fall Thrus (as a % of Gross sales Agreed) 25.4%. The 7 year Long Term weekly Average is 24.2% and it was 40%+ in the two months following the Truss Budget in the Autumn of 2022. Another way of measuring sale fall thrus are the % sales pipeline that fell thru. Done monthly, Agents lost 3.8% of their sales pipeline for the month of December (2024 average 5.36%). · Net Sales - 17.7k this week (average for week normally 14.3k). 54% higher YTD than YTD in 2024. 60% higher YTD 2025 compared to YTD 17/18/19. · Resi Sales Stock on the Market (Monthly Stat) : 605k at end of December (down from 677k at end of Nov). For comparison, Dec ’23 - 560k, Dec ’22 - 481k, Dec ’21 - 342k, Dec ’20 - 543k, Dec ’19 - 545k. · Resi Sales Sold STC Pipeline (Units) (Monthly Stat): 441k at end of December. For comparison, Dec ’23 - 359k, Dec ’22 - 373k, Dec ’21 - 468k, Dec ’20 - 548k, Dec ’19 - 310k. · UK House Prices - As explained in the show, the £/sqft figure foretells and predicts the Land Registry 5 months in advance with an accuracy rating of 92%. Final December figures saw a slight drift in this important metric to £339/sq.ft. For comparison - Nov’s £342/sq.ft, August’s £334/sq.ft, and Dec ’23 at £322/sq.ft. This means house prices have grown 5.28% in the last 12 months. Local Focus this week - Luton Graphs https://we.tl/t-V5CXIhL3oP