Despite the doom monger headlines in the national press, Chris Watkin and estate agent Ben Madden discuss the latest levels of property listings, price reductions, low levels of sale fall throughs, and more importantly what they term ‘impressive’ property sales.

The pair provide insightful thoughts on market share and the potential turning tide of a buyer’s to a seller’s market

Main headlines of the UK Property Market for the week (Monday 5th June to Sunday 11th June 2023 inclusive)

+ Listings: 36,877 for the week. The 2023 running weekly average is 32,649.

+ Average listing price: £450,684. The 2023 running weekly average is £433,330.

+ Price reductions: 22,874. The 2023 running weekly average is 18,381.

+ Average asking price of properties being reduced: £426,203. The 2023 running weekly average is £404,150.

+ Gross sales: 24,201. The 2023 running weekly average is 22,289.

+ Average asking price of properties sold STC: £371,914. The 2023 running weekly average is £358,800.

+ Sale fall throughs: 6,163. The 2023 running weekly average is 5,081.

+ Percentage of sales fall throughs to gross sales: 25.47% The 2023 running weekly average is 23.64%.

In the last 15 minutes of the show there is a particular look at the Bedford property market.