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 what’s shaping the UK Property Market week ending 2nd February 2025.
The UK Property Market Update for the week, finishing Sunday, the 2nd February 2025
✅ 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%.
𝙘𝙤𝙢𝙥𝙞𝙡𝙚𝙙 𝙗𝙮 𝙋𝙧𝙤𝙥𝙚𝙧𝙩𝙮𝙎𝙩𝙖𝙩𝙤 𝘾𝙝𝙧𝙞𝙨 𝙒𝙖𝙩𝙠𝙞𝙣 𝙪𝙨𝙞𝙣𝙜 𝙏𝙬𝙚𝙣𝙩𝙮𝙀𝘼 𝘿𝙖𝙩𝙖
If you’re 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.
𝗖𝗮𝗹𝗹 𝗺𝗲 𝗼𝗻 (𝟬𝟭𝟵𝟱𝟯) 𝟰𝟱𝟯𝟴𝟯𝟴 𝗼𝗿 𝟬𝟳𝟵𝟳𝟬𝟮𝟬𝟯𝟮𝟮𝟴 𝗼𝗿 𝗱𝗿𝗼𝗽 𝗺𝗲 𝗮𝗻 𝗲𝗺𝗮𝗶𝗹 𝘁𝗼 𝘁𝗼𝗻𝘆@𝗺𝗶𝗹𝗹𝗯𝗮𝗻𝗸𝘀.𝗰𝗼𝗺
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✅ 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 estate agents sales 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.
Data compiled by Chris 'Property Stato' Watkin using Twenty EA Data
If you’re 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.
𝗖𝗮𝗹𝗹 𝗺𝗲 𝗼𝗻 (𝟬𝟭𝟵𝟱𝟯) 𝟰𝟱𝟯𝟴𝟯𝟴 𝗼𝗿 𝟬𝟳𝟵𝟳𝟬𝟮𝟬𝟯𝟮𝟮𝟴 𝗼𝗿 𝗱𝗿𝗼𝗽 𝗺𝗲 𝗮𝗻 𝗲𝗺𝗮𝗶𝗹 𝘁𝗼 𝘁𝗼𝗻𝘆@𝗺𝗶𝗹𝗹𝗯𝗮𝗻𝗸𝘀.𝗰𝗼𝗺
