UK Weekly Property Market Report - WC 26th Oct

The UK property market has shown a noticeable shift this week, reflecting broader seasonal trends and changing buyer sentiment as we move into late autumn. According to the latest data, the housing market experienced declines across key metrics, including new listings, asking prices, and agreed sales — all signs of a more cautious phase for both buyers and sellers.

New Listings Down 5.76%

There were 29,364 new property listings this week, representing a 5.76% decrease from 31,157 the previous week. This drop suggests that fewer homeowners are choosing to put their properties on the market, possibly due to continued uncertainty around interest rates and affordability pressures. Reduced supply could help stabilise prices in some areas, but it also indicates slowing market activity as we approach the end of the year.

Average Asking Prices Fall 6.38%

The average listed property price now stands at £401,490, down 6.38% from £428,834 last week. This decline may reflect sellers becoming more realistic about pricing amid softer buyer demand. With mortgage rates still relatively high, many buyers remain price-sensitive, pushing sellers to adjust expectations to secure sales.

Agreed Sales Dip Slightly

The number of agreed sales fell modestly to 24,191, a 0.97% drop from 24,428 the week before. While the decline is small, it reinforces the picture of a cooling market, where transactions are taking longer to complete and negotiation plays a larger role.

Average Sale Price Down 3.46%

The average agreed sale price also fell, reaching £359,404, down 3.46% from £372,293 last week. This decline could be a sign that sellers are accepting lower offers to close deals before the traditionally slower winter months.

What This Means for the Market

Overall, this week’s data points to a market that’s slowing but stabilising. Buyers have more leverage, while sellers who price realistically continue to achieve results. As we approach the end of 2025, we can expect further seasonal moderation — but also potential opportunities for well-prepared buyers and sellers to make strategic moves.

Stay tuned for next week’s update for the latest insights into the UK property market.