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New Property Listings Up but Sales Down in September, Reports Agency Express
This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.
September’s month-on-month data for new property listings and sales has been released in Agency Express’ latest Property Activity Index.
New Property Listings Up but Sales Down in September, Reports Agency Express
Nationally, the number of new listings rose by an average of 2.4%, while figures for properties sold saw a marginal decline, of 0.3%.
Looking across the UK, five of the 12 regions included in the Property Activity Index recorded growth in new listings, while seven saw increases in the amount of properties sold.
The areas to record the greatest monthly rises in September include:
New listings
- London: +16.3%
- Central England: +10.1%
- East Anglia: +5.9%
- South West: +5.10%
- South East: +5.0%
Properties sold
- South West: +10.2%
- Yorkshire and the Humber: +5.4%
- East Midlands: +4.5%
- Wales: +3.6%
- South East: +1.5%
September’s top performing region was the South West. Following a slump in new listings during July and August, figures bounced back to rise by 5.1%. Robust figures were also recorded for the number of properties sold, up by 10.2%.
A healthy increase in new listings was also recorded in the capital, up by 16.3%. However, over a three-month rolling period, figures remain down, by 23.7%.
The largest monthly declines were recorded in Scotland during September. New listings fell by 4.5%, while the amount of properties sold were down by 19.2%. These decreases mark the region’s largest month-on-month declines for September since the Property Activity Index’s first records in 2012.
The Managing Director of Agency Express, Stephen Watson, comments on the data: “During September, we would normally see a spike in activity following the summer holiday slump. While for sale figures in general have remained on trend, we haven’t witnessed the same buoyancy in sold figures.
“As we now move into the last three months of the year, where traditionally we start to see a slower pace across the market, it is unlikely that we will see any major increases in activity.”
Compare September’s figures to those recorded in August here: /property-market-pick-sales-august/
