19/06/2026
Week 23 shows a UK property market that is still moving, but becoming increasingly unforgiving for sellers who get the price wrong.
25.1k homes sold STC last week, slightly below the 10 year Week 23 average of 25.9k. Hardly a collapse, but a reminder that buyers are becoming more selective. Meanwhile, 36.5k new properties came to the market, taking the year to date total to 859k. That is well above the 10 year average of 751k. Total number of homes on the market remains at 747k homes, so buyers still have plenty of choice.
That choice is shaping the market. In the last month, 13.4% of homes reduced their asking price, while 14.6% achieved a sale agreed. Put bluntly, almost as many sellers are correcting their price as securing a buyer. Yet the wider picture remains resilient. So far this year, 571.5k homes have sold STC, 1.7% ahead of the same period in 2024 and comfortably above the 10 year Week 23 average of 524k.
Prices are holding firm too. The average UK home sold STC last week at £381k, or £357 per sq ft. However, getting from sale agreed to completion still takes an average of 76 days, or around 120 days from launch to moving day. The market is not dead. Buyers are buying and sellers are selling. But with roughly seven homes competing for every monthly sale, optimistic pricing is increasingly becoming an expensive way to be ignored.
