The North West once again recorded the strongest house price growth of any region in England, up by +5.1% over the last year, to sit at £234,355.
House prices - Final September figures suggest a slight jump in this important metric to £340/sq.ft. For comparison - August’s Figures for the Sale Agreed £/sq.ft was at £338/sq.ft, and July at £341/sq.ft. This means house prices are stable.
New Listings - 34.3k UK listings this week (week 41), same as the week before. 7.6% higher 2024 YTD than 2017/18/19 YTD average. 12.1% higher than Week 41 of 2023.
Total Gross Sales - 26k UK homes sold stc this week (Week 42). Same level as last week. 23% higher than the same week (week 42) in 2023. Also, 7.9% higher than 2017/18/19 YTD levels & 14.5% higher than 2023 YTD levels.
Net Sales - 19.5k this week (19.4k last week). 25% higher than the same week 42 in 2023 & still 17.2% higher YTD in 2024 compared to YTD 2023.
Sale fall-thru rate - Agents lost 5.5% of their sales pipeline in September. For the week, Sale Fall Thrus (as a % of Gross sales Agreed) remained stable at 25.3% this week. The 7 year Long Term weekly Average is 24.2% and it was 40%+ in the two months following the Truss Budget in the Autumn of 2022.
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