Editor's note: This brief was summarised by The Property AI Newsroom from a report by Property Industry Eye. Read the original article for full details.

UK Home Sales Drop Sharply Across All Regions in June 2026

UK home sales fell by 10.39% in the first three full weeks of June 2026 compared to the same period in 2025. Every UK region reported a decline in sales, with 75,000 homes sold subject to contract, down from 82,800 in June 2025.

The data shows that 7,800 fewer sales were agreed in June 2026 than in the same period last year. In comparison, June 2024 saw a smaller drop, with 77,800 homes sold subject to contract, a decrease of 2,800 sales or 3.8% from the previous year. However, sales in June 2026 remain higher than in June 2023, when 70,200 homes were sold subject to contract.

Regional Breakdown

All UK regions experienced a decline in home sales during the first three weeks of June 2026. The largest falls were recorded in Outer London (down 13.13%), Inner London (down 12.74%), and the North West (down 11.49%). Scotland (down 5.89%) and Yorkshire and Humber (down 5.44%) were the most resilient regions, though both still saw declines compared to last year.

Market Context and Activity

Despite the drop from 2025, the market is still operating above 2023 levels. Year-to-date figures show 596,000 UK homes sold subject to contract in 2026, which is 6.4% lower than 2025 but 1.3% higher than 2024 and 11.4% higher than 2023. New listings remain steady, with 895,000 new listings year-to-date, slightly ahead of 2025 and 5.1% higher than 2024.

Net residential sales for 2026 year-to-date stand at 464,000, 4.7% lower than 2025 but 1.1% ahead of 2024 and 12.6% above 2023. May 2026 saw 76,800 exchanges, with 365,000 exchanges year-to-date, 5.5% lower than the same period in 2025.

Price Reductions and Withdrawals

Price reductions have increased, with 25,900 reductions reported in a week and 13.4% of UK homes for sale reduced in May 2026. Withdrawals also rose, with 64,000 homes withdrawn in May 2026, meaning 45.2% of homes leaving estate agent books went unsold.

These trends indicate a more challenging market for letting agents and inventory clerks, with increased stock, more price reductions, and a higher proportion of unsold properties.