UK Property Market Update – Week 20
Steady market, more choice for buyers
The UK property market continues to show encouraging signs of stability as we move through Week 20, with increased stock levels offering buyers more choice—while competition among sellers remains strong.
A Market Finding Its Balance
This week, 27,200 properties were sold subject to contract (STC), holding steady compared to recent weeks and closely aligned with long-term averages. Net sales also remain solid at 21,000, reflecting continued buyer demand despite a cautious backdrop.
At the same time, the number of new listings has risen to 39,600, above both the 2026 weekly average and the 10-year benchmark. This increase in supply is contributing to a more balanced market and giving buyers greater options.
Stock Levels Continue to Grow
Total housing stock has climbed to 731,000 homes on the market, up from 714,000 this time last year. There is also a strong pipeline of 461,000 additional properties.
Pricing Sensitivity Remains Key
27,200 price reductions were recorded this week, with 13.1% of homes seeing a price reduction in April. The average gap between asking price and achieved sale price stands at 21.6%.
Sales Performance Indicators
Sell-through rate is at 14.6%, fall-through rate at 5.1%, and the probability of selling sits at 54.1%, indicating a more measured market.
House Prices and Rental Market
Average price sits at £345.18 per sq. ft, up 1.8% year-on-year. Rental prices remain stable around £1,780–£1,797 pcm.
The Bottom Line
The market is not slowing—it is normalising. Sellers must price correctly, while buyers benefit from greater choice and negotiating power.
[Source: TwentyEA | Analysis: Christopher "Stato" Watkin]