02/06/2026
π‘ LS21 Property Market Analysis
End of May 2026 vs End of May 2025
Hi All, here is my analysis at the end of May. If you would like more information or a valuation on your own property, please get in touch.
π Stock Levels (Properties Available)
2025: 111 properties
2026: 124 properties
β¬οΈ Change: +13 properties
π Percentage increase: +11.7%
π¬ Analysis:
Stock levels have risen by almost 12%, giving buyers more choice than they had at the same point in 2025. Increased supply generally improves buyersβ negotiating position and creates greater competition between sellers. However, 124 available homes still suggests a balanced market rather than oversupply.
π New Instructions (New Properties Coming to Market)
2025: 41 properties
2026: 40 properties
β¬οΈ Change: -1 property
π Percentage change: -2.4%
π¬ Analysis:
New instructions are effectively unchanged year-on-year, suggesting seller confidence remains stable. Because stock has increased despite similar listing numbers, it may indicate some homes are taking slightly longer to sell.
π€ Sales Agreed
2025: 31 properties
2026: 33 properties
β¬οΈ Change: +2 sales
π Percentage increase: +6.5%
π¬ Analysis:
Sales agreed have improved modestly, showing buyer demand remains healthy in LS. Well-priced and well-presented homes are still attracting interest. However, stock growth (+11.7%) is outpacing sales growth (+6.5%), meaning supply is increasing faster than buyer demand.
π― Sales-to-Instruction Ratio
2025: 31 sales agreed from 41 new instructions = 75.6%
2026: 33 sales agreed from 40 new instructions = 82.5%
β¬οΈ Improvement: +9.1%
π¬ Analysis:
This is one of the stronger indicators in the data. A greater proportion of homes coming to market are achieving a sale, suggesting correctly priced homes continue to transact successfully.
π· Price Reductions
2025: 18 properties
2026: 20 properties
β¬οΈ Change: +2 reductions
π Percentage increase: +11.1%
π¬ Analysis:
Price reductions have risen only modestly year-on-year, increasing by just over 11%. This suggests some softening in pricing expectations, but not a dramatic market shift. Buyers are still value-conscious, though widespread discounting is not evident from these figures.
π Price Reductions as a Percentage of Stock
2025: 18 of 111 = 16.2%
2026: 20 of 124 = 16.1%
β‘οΈ Change: broadly flat (-0.1 percentage points)
π¬ Analysis:
The proportion of properties reducing in price is effectively unchanged year-on-year. Around 1 in 6 homes are reducing price in both periods, suggesting pricing discipline in Otley has remained relatively consistent despite higher stock levels.
π Overall Market Summary
Compared with May 2025, the LS21 market in May 2026 appears slightly busier, with stronger buyer activity and more available homes, but without significant evidence of weakening prices.
π Key takeaways:
β
Stock levels up +11.7%
β
Sales agreed up +6.5%
β‘οΈ New instructions broadly unchanged (-2.4%)
β‘οΈ Price reductions only modestly higher (+11.1%)
π‘ Buyers have more choice, but pricing resilience remains relatively strong
π£ Bottom line:
LS21 remains a healthy and active market. Sellers still need to price sensibly, but the data suggests pricing stability has held up reasonably well despite increased stock. Realistically priced, well-presented homes continue to sell. π