03/09/2025
Our latest market data has just been released, showing real momentum!
- Residential transactions up 15% year-on-year (676,000 YTD), and 4.6% above pre-pandemic 2019. Our forecast for 2025: 1.18 million transactions.
- Supply of new properties for sale is the highest in 7 years (1.24 million YTD, up 3.7% YoY), with the strongest growth in £350k–£1m properties and in Outer London (7% YoY).
- Demand (Sales Agreed) up 5.9% YoY (897,000 YTD), highest since 2022. Growth is strongest in the North West (9.7%) and Wales (9.3%).
- Price reductions at record levels (809,000 events YTD, up 17.8% YoY), but the percentage of properties with reductions has only marginally increased (38.7%).
Agents should prepare for higher demand and refine their prospecting and marketing strategies to secure listings in high-growth areas. Understanding local supply trends will help target promising markets. It's essential to advise sellers on realistic pricing from the start to avoid reductions and extended market times, showcasing market expertise and building client trust.
Want to know more? Contact us.