The UK Property Market continues to defy the doom mongers as it still holds its own, despite the current economic headwinds.

Christopher ‘Property Stato’ Watkin and this week’s special guest Bryan Mansell discuss the ups and downs of last week’s property market in the YouTube TV program, ‘The UK Property Market Stats Show’.

This week’s town focus in the last 15 mins is on Cheadle (South Manchester).

The key statistics of the UK Property Market for the week (Monday 31st July to Sunday 6th August 2023 inclusive) were:

New properties to the market (Listings): 31,741 for the week. The 2023 running weekly average is 32,904.

Average Listing price: £412,586. The 2023 running weekly average is £433,615.

Price reductions: 22,925. The 2023 running weekly average is 19,486.

Average asking price of properties being reduced: £383,231. The 2023 running weekly average is £406,639.

Number of properties Sold (Gross Sales): 21,191. The 2023 running weekly average is 22,220.

Average asking price of those properties that Sold STC this week: £351,694. The 2023 running weekly average is £359,173.

Sale fall throughs: 6,105. The 2023 running weekly average is 5,362.

Sale Fall Thru Rate (Very Important Stat). The number sales fall throughs expressed as a percentage of this week’s gross sales: 28.81%. The average over the last month 28.94% The 2023 running weekly average is 24.81%.

Net Sales this week: 15,488. The 2023 running weekly average is 16,917.

Year to date Net Sales – 527k – compared to 644k in 2022, 741k in 2021, 472k in 2020, 577k in 2019, 582k in 2018 and 550k in 2017.