Alice Bullard, boss girl of Nested, and I’ve appeared on the UK property marketplace for the week ending Sunday 2nd October 2025.
✅ New Listings
+ 27.5k new properties got here to market this week, down as anticipated from 29.3k final week.
+ 2025 weekly common: 35.6k.
+ 9 12 months week 43 common :29.1k
+ 12 months-to-date (YTD): 1.53m new listings, 1.5% greater than 2024 YTD (1.51m) and 9.1% above the 2017–19 common (1.40m).
✅ Value Reductions
+ 18.3k reductions this week, decrease as anticipated, than final week’s at 21.3k.
+ Enhance within the variety of houses in the marketplace being lowered in September to 14.1% (these stats are at all times achieved a month in arrears). In August, it was 11.1% (everybody will need to have been on vacation!), while it was 14.1% in July and 14% in June. (October figures to observe subsequent week).
+ 2025 common to this point: 13.2%, versus the five-year long-term common of 10.74%.
✅ Gross sales Agreed
+ 23.5k houses offered topic to contract this week, down as anticipated from 24.2k final week.
+ Week 43 common (for final 9 years) :23.8k
+ 2025 weekly common : 26k.
+ YTD: 1.116m product sales, which is 4.2% forward of 2024 (1.071m) and 12.5% above the 2017–19 common (992k). .
✅ Value Diff between Listings & Gross sales
+ Common Asking Value of listings final week £398k vs Common asking value of Gross sales Agreed (SSTC) – £358k – a 11.2% distinction (long run 9-year common is 16% to 17%)
+ The common itemizing value has dropped from £452k in Sept to £415k in October.. ie fewer costly houses being listed .
✅ Promote-By Fee
+ 14.1% of houses on brokers’ books went SSTC in September. (October figures to observe in November)
+ Down from 14.5% in Aug, 15.4% in July, 15.3% in June, and 16.1% in Could.
+ Pre-Covid common: 15.5%.
✅ Fall-Throughs
+ 5,278 fall-throughs final week (pipeline of 510k residence Offered STC).
+ Weekly common for 2025: 6,181.
+ Fall-through price: 24.2%, barely down from 24.3% final week.
+ Lengthy-term common: 24.2% (post-Truss chaos noticed ranges exceed 40%). .
✅ Internet Gross sales
+ 18.2k web gross sales this week, down (as anticipated) from 18.3k final week.
+ 9-year Week 43 common: 17.9k.
+ Weekly common for 2025: 19.8k.
+ YTD: 850k, which is 3.6% forward of 2024 (821k) and 9.5% above 2017–19 (776k). .
✅ Chance of Promoting (% that Change vs withdrawal)
+ Remaining September Stats : 53.1% of houses that left brokers’ books exchanged & accomplished in September. October ones to observe subsequent week
+ August :55.8% / July: 50.9% / June: 51.3% / Could: 51.7% / April: 53.2%.
✅ Home Costs (£/sq.ft)
+ October 2025 agreed gross sales averaged £338.38 per sq.ft ( up from £336.02 per sq.ft. in Sept)
✅ October Property Market Overview
The variety of UK houses offered topic to contract in entire of October 2025 slipped 2.6% in contrast with October 2024, falling from 114k to 111k.
It’s the sort of statistic that grabs consideration, and a few will little doubt use it as proof that the market is softening.
London carried many of the decline, down 11.7% total. When London is cut up down, Inside London dropped 14.1% and Outer London 8.9%.
Nonetheless, as variety of home gross sales in London solely represents a small portion of the nationwide residence gross sales, which means that even sharp London falls barely dent total UK figures.
(Inside London home gross sales went from 7,065 in October 2024 to six,070 gross sales in October 2025 and Outer London went from 5,031 home gross sales in October 2024 to 4,620 in October 2025.)
The broader market, in the meantime, stays impressively resilient.
Whereas gross sales volumes are fractionally down on final 12 months, 2024 was itself a standout 12 months with unusually sturdy spring and summer season gross sales.
Additionally, we have to put issues in context, as a result of again in October 2023, solely 87k houses have been offered stc throughout the UK, and in 2022, the determine was 84k.
Which means October 2025 nonetheless outperformed each these years by greater than 24k extra gross sales, which is hardly the signal of a struggling market.
The takeaway? The market hasn’t stumbled, it’s merely 97.4% of what it was final 12 months
