15/06/2026
Week 22 Property Update 🏠
Week 22 gives us a property market that looks far healthier than the doom merchants would like to admit, but far more selective than many sellers want to believe.
25,637 homes sold STC last week. That is above the long-term Week 22 average of 23.5k, so buyers are still very much in the game. But they are not buying anything and everything. The real story is supply of properties for sale For every UK home that sells in a month, seven go unsold. 38,865 new homes came to the market last week, well above the long term Week 22 average of 30.9k. Year to date, 822,745 homes have come to market, compared with a 10 year average of 715k. That is a lot of choice.
Total UK homes for sale now sit at 746,898. That is slightly lower than 12 months ago, when it was 757k, but still miles above the 605k seen three years ago. Buyers are not short of options, and when buyers have options, average homes at ambitious prices get left behind. That is why 13.4% of homes on the market have reduced in price in the last month, while 14.6% have had a sale agreed. In plain English, almost as many homes are being price corrected as are being sold.
Yet the market is not weak. Year to date, 546,401 homes have sold STC, which is 2.1% ahead of the same point in 2024 and comfortably above the 10 year Week 22 average of 504k. Prices are also holding up. The average UK home sold STC last week at £374k, with sales agreed averaging £356 per sq ft.
Bottom line? The market is moving. Buyers are buying & sellers are selling. But, and its a big but, with this much choice, pricing is no longer a detail, it is the strategy. The best priced homes are getting the offers. The hopeful ones are becoming scenery.
- Richard -
