House sales continue to rise while property listings hit two-year high

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Last week was the best for residential house sales since the Summer of 2022 and best for Listings since April 2021, the latest figures show.

Chris Watkin’s special guest this week on the ‘UK Property Market Stats Show’ is Iain White, ex Romans boss.

Unlike the Land Registry, Halifax and Nationwide indexes, which is already three to eight months out of date, this show focusses on real time property market stats from last week (Week ending Sunday, 21st May 2023).

The idea is to provide estate agents – and anybody else with an interest in property – with information regarding what is happening in the housing market – both nationally and regionally U.K.

Property Market data for the week (Monday 15th May to Sunday 21st May inclusive):

Listings: 37,327, up 21.2% from last week. The 2023 running weekly average is 32,048.

Average listing price: £445,500. The 2023 Running Weekly Average is £429,200.

Price Reductions: 21,283 properties, up 16.4% from last week’s price reductions. The 2023 running weekly average is 17,848.

Average Asking Price of properties being reduced: £406,100. The 2023 running weekly average is £402,250.

Gross Sales: 26,341, up 25.8% from last week’s gross sales. The 2023 running weekly average is 21,888.

Average asking price of properties sold STC: £373,900. The 2023 running weekly average is £356,200.

Sale fall Throughs: 5,784, up 28.3% week-on-week. The 2023 running weekly average is 4,967.

Percentage of sales falling Through to gross sales: 21.96% The 2023 running weekly average is 23.72%.

In the last 15 minutes of the show, there is a particular look at the Watford property market.

 

 

 

This article is taken from Property Industry Eye.

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