Listings (New properties coming on to the market) – 33.7k UK listings this week (week 2). 19% higher than wk2 in 2024 YTD. 18% higher YTD than 17/18/19 YTD
· % of Resi Sales Stock being reduced (Monthly): 7.8% of Resi sales stock was reduced in December (this stat is monthly in arrears). 11.1% in November. 11.9% & 2024 average and long term 5 year average 10.6%. NB We always get a dip of this stat in December
· Total Gross Sales – 23.8k UK homes sold stc this week (Week 2) – interesting when compared with last week – 19.2k in Week 1. 48% higher YTD than YTD in 2024. Also, 8.7% higher than 2017/18/19 YTD levels.
· Sale Thru rate (Monthly): UK Estate Agents sold 10.61% of their Resi sales stock in Dec ’24 (Dec ’23 – 8.79%). 2024 average is 15.3% & the 7 year long term average is 17.9% per month.
· Sale fall-throughs – For the week 2, Sale Fall Thrus (as a % of Gross sales Agreed) 25.4%. The 7 year Long Term weekly Average is 24.2% and it was 40%+ in the two months following the Truss Budget in the Autumn of 2022. Another way of measuring sale fall thrus are the % sales pipeline that fell thru. Done monthly, Agents lost 3.8% of their sales pipeline for the month of December (2024 average 5.36%).
· Net Sales – 17.7k this week (average for week normally 14.3k). 54% higher YTD than YTD in 2024. 60% higher YTD 2025 compared to YTD 17/18/19.
· Resi Sales Stock on the Market (Monthly Stat) : 605k at end of December (down from 677k at end of Nov). For comparison, Dec ’23 – 560k, Dec ’22 – 481k, Dec ’21 – 342k, Dec ’20 – 543k, Dec ’19 – 545k.
· Resi Sales Sold STC Pipeline (Units) (Monthly Stat): 441k at end of December. For comparison, Dec ’23 – 359k, Dec ’22 – 373k, Dec ’21 – 468k, Dec ’20 – 548k, Dec ’19 – 310k.
· UK House Prices – As explained in the show, the £/sqft figure foretells and predicts the Land Registry 5 months in advance with an accuracy rating of 92%. Final December figures saw a slight drift in this important metric to £339/sq.ft. For comparison – Nov’s £342/sq.ft, August’s £334/sq.ft, and Dec ’23 at £322/sq.ft. This means house prices have grown 5.28% 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
