The UK housing market is showing signs of renewed momentum with more homes coming to market and a higher number of sales being agreed, according to new figures from estate agency network eXp UK.
Internal data from the company show that new listings rose by 15.1% between the first and second quarters of 2025 as sellers responded to improving sentiment and greater market stability following the end of the stamp duty rush in April.
The number of homes sold subject to contract also increased, up 13.3% on the quarter, reflecting stronger buyer demand.
The group said that while its expanding agent base had contributed to the increase in activity, the average number of listings secured per agent was also higher, up 8.2% between Q1 and Q2. Similarly, the average number of homes marked as sold subject to contract per agent climbed by 6.4%.
FALLING COMPLETIONS
However, completions fell by 22.5 % compared with the previous quarter, as the market adjusted following the threshold changes and the surge in sales pushed through in Q1 to beat the April deadline.
eXp UK said the higher number of sales agreed in Q2 should begin to feed through to completions in the coming months.
RIGHT DIRECTION
Adam Day, Head of eXp UK, says: “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.”
And he adds: “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.”
