UK reports rising property market momentum
eXp UK reports rising property market momentum as sellers return and more sales are agreed
The latest internal data from eXp UK has revealed that housing market momentum is continuing to build, with more homes coming to market and a greater number of sales being agreed.
eXp UK analysis is based on the firm’s own internal data, looking at market activity based on new listings, homes being marked as sold subject to contract, and the number of homes completing over the first two quarters of this year.
The figures show that new listings climbed by 15.1% between the first and second quarters of 2025, as more sellers entered the market keen to take advantage of improving market sentiment and the greater market stability that followed once the stamp duty rush had subsided and thresholds had reverted back to their previous levels.
Whilst eXp UK has seen an increase in agent numbers between Q1 and Q2, leading to a natural boost in the level of new listings secured by the firm, they have also seen an 8.2% increase in the average number of listings secured per agent between Q1 and Q2 – further evidence that the wider market is moving in the right direction.
At the same time, the number of homes sold subject to contract also increased, up 13.3% quarter on quarter, highlighting the continued confidence of buyers and the growing alignment between supply and demand.
Again, eXp UK has noted a 6.4% increase in the average number of homes being marked as SSTC per agent in Q2 versus Q1.
The data from eXp UK does show that completions dipped by 22.5% compared to the previous quarter.
The firm believes that this is expected to be a temporary reduction, as the market reset following the changes to stamp duty thresholds and following the surge in sales completing during the first quarter ahead of the 1st April deadline.
However, with a higher volume of agreed sales during Q2 should start to filter through to completions in the following quarter, helping to further stimulate activity as the year progresses.
Adam Day, Head of eXp UK, commented:
“Our internal figures show clear evidence that the market is moving in the right direction, even when taking into account the growing foothold we have within the market by way of increasing agent numbers.
The rise in new instructions demonstrates that sellers are increasingly confident, while the uplift in sales agreed underlines that buyers are also returning to the market.
Although completions dipped at the end of Q2 it’s important to note that Q1 was a particularly busy period in this respect, as those who stood to make a saving rushed to reach the finish line before stamp duty thresholds reverted back to previous levels.
However, the increased pipeline of transactions being marked as sold subject to contract points to stronger completion figures in the months ahead, helping to maintain positive momentum across the market.”
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