The UK property market is experiencing a notable discrepancy between buyer demand and housing supply, with a significant proportion of properties struggling to progress to a sale. According to the latest UK Property Market Stats for week 33, 31.8k new listings were added this week, which is 0.4% lower than the 2025 year-to-date average.
This trend is also reflected in the number of homes sold, with 23.3k homes sold stc this week, 7.2% lower than the 2025 year-to-date average. The 10-year week 33 average is 25.1k, indicating a slight decline in sales.
Market Performance
The market is showing signs of resilience, with 17.7k Net Sales reported this week, which is 4.1% above the 2017-2019 average. However, the exchange to listings ratio is a concern, with only 51.3% of homes that left agents’ books exchanging and completing in July.
The 7-year average exchange to listings ratio is 57.6%, highlighting a potential issue in the market. Furthermore, 23.3k reductions were made this week on 767k UK homes for sale, with 13.7% of UK homes for sale being reduced in July.
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Price Trends
The price difference between asking price of listings and asking price of those homes that go sold stc is 7.8%, which is lower than the 10-year average of 16-17%. The average rent in week 33 is £1,792 pcm, with a slight increase to £1,795 pcm in August 2026.
The UK rental stock available to rent in August 2026 is 323k, with 135,928 new rental properties coming onto the market. The average rent in YTD 2026 is £1,765 pcm, indicating a stable rental market.
The HM Land Registry Index matches the £/sqft at sale agreed with a 98% accuracy, 5 months in advance, making it a reliable indicator of market trends.
In terms of sales pipeline, there are 487k homes in agents’ sales pipeline on the 1st of August 2026, which is lower than 12 months ago.
