The UK Property Market Stats Show, a weekly show which gives real time information on the UK Property Market for Estate & Letting Agents + anyone who loves property.
Chris Watkin's special guest this week was Bryan Mansell, ex Countrywide London & South of England Director and now boss of Gazeal
Why should agents watch the show?
Forget the Land Registry and Halifax/Nationwide index, which is already 3 to 8 months out of date, these are real time stats on the property market from last week (Week ending Sunday, 14th May 2023). By knowing what is happening both nationally and regionally, you can put your efforts into the markets that are moving and get the listings, sales and exchanges you deserve.
National Scores on the doors for the week (Mon 8th May '23 to Sun 14th May '23 inclusive) .. (NB we had the Coronation Bank Holiday Monday in this week)
Listings ...
30,773 (down 3.1% from last week listings). The 2023 Running Weekly Average is 31,770.
Average Listing Price ...
£456,800. The 2023 Running Weekly Average is £428,300
Price Reductions ...
18,281 (up 4.6% from last week price reductions). The 2023 Running Weekly Average is17,668.
Average Asking Price of properties being reduced ...
£406,700. The 2023 Running Weekly Average is £402,000.
Gross Sales ...
20,934 (down 6.4% from last week Gross sales). The 2023 Running Weekly Average is 21,653.
Average Asking Price of properties Sold stc...
£368,400. The 2023 Running Weekly Average is £355,250.
IMPORTANT HEADS UP - Average Listing Price for 456k .... YET Average Sales Price £368K - that is a 23.9% gap ... take care not to take on higher priced properties that have lower propensity (ie chance) of selling. This percentage should be nearer 15% to 17% in a normal market
Sale Fall Thrus ...
4,506 (down 4.6 % from last week Sale fall thrus). The 2023 Running Weekly Average is 4,924.
% of Sales fall Thrus to Gross sales (very important stat) ...
21.52% The 2023 Running Weekly Average is 23.81%.(For context - Q4 2024 was very late 30%'s)
Regional Stats for all these metrics in the Show and available to download via the slide link here https://we.tl/t-Hhnx7t4Cvn (note - only for personal use and not to be posted on social media)
Finally, in the last 15 mins of the programme, we focus on a particular location - this time its on Blackpool, where we compare the letting and estate agents in the town
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