![Housing Insight Report, July 2024.jpg](https://www.propertymark.co.uk/static/d9a59ec5-3e18-4df1-887070dddb84222a/resourcedetailfeaturedimage_b1168726dfdacffcf69995c5085ad40c_4a7c7e45a350/Housing-Insight-Report-July-2024.jpg)
This report is based on responses to a monthly survey of Propertymark member agents. The analysis is based on data provided by around 100 sales and 100 letting agents across the UK.
Residential sales
UK house prices continue to rise
The average UK house price increased by £1,497 to £287,924 in June 2024 (latest figures available). This remains at around 8 times the average annual gross earnings.
Residential lettings
Tenant demand decreased slightly
The average number of new prospective tenants registered per member branch indicates market demand. Registrations decreased from 99 in June 2024 to 88 in July 2024.
Overall stock levels increased slightly
The average number of new property instructions (managed and rent collection only) per branch, trended downwards in July 2024. Overall stock levels, the average number of properties available for rent at each member branch, increased slightly in July 2024.