✅ Listings (New Properties
on the Market)
35.8k new listings this week (last week 36.1k)
That’s 9% higher than Week 7 of 2024 YTD and 9.2% higher YTD
compared to 2017/18/19.
✅ Price Reductions (% of
Resi Stock)
20.6k Price Reductions this week - meaning an approx run
rate of 1 in 8 of Resi Sales stock per month is being reduced (12%).
For comparison, 11.9% average in 2024, though the long-term
5-year average is 10.6%.
✅ Total Gross Sales
(Agreed Sales)
27.4k UK homes sold STC this week, slightly down from 27.6k
last week in Week 6
That’s 20% higher YTD compared to 2024 and 28% 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
6,027 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% (last week 22.2%). Still below
the 7-year average of 24.2%, and well below the 40%+ levels post-Truss Budget
(Autumn 2022).
For January ’25 as a whole, 6.03% of sales in the UK agents
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 2025 weekly average of
20.6k.
2025 YTD is 17% higher than compared to 2024 YTD and 22%
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.
If you would like to chat to us about our local property
market, feel free to call us on 01604 626 626 or drop us a line at northampton@belvoir.co.uk
