Regional Update on the Property Market : 2025 vs 2023
In May 2025, 121,665 homes were sold subject to contract across the UK. That’s 6.3% more than May 2024, and a massive 23.4% jump compared to May 2023 when only 98,609 homes sold.
Zooming in by region, the market uplift is visible everywhere. Here are the regions listed in order of the highest to lowest increase in the number of homes sold (subject to contract) in May 2025 compared to May 2023:
- East Midlands - Up 30.7%
- West Midlands - Up 27.9%
- East Anglia - Up 27.8%
- North West - Up 27.1%
- Yorks & Humber - Up 26.3%
- Wales - Up 25.1%
- North East - Up 24.5%
- Scotland - Up 22.6%
- South East - Up 20.7%
- South West - Up 16.9%
- London - Up 15.6%
- Northern Ireland - Up 14.2%
In Frome, we’re seeing this momentum on the ground too. More viewings, more offers, and more homes going under offer.
But this doesn’t mean the property market is booming. Nationally, only around 54% of homes listed for sale in the past 24 months have actually sold and completed. That means 46% didn’t. They were withdrawn and the homes owners didn’t move, often due to being overpriced.
So yes, homes are selling. But only when sellers are realistic with price and presentation.
If you’re thinking of making a move in Frome - or just want a clearer idea of where the market really is - feel free to give me a call or drop me a message.
