The number of new properties reaching the market for sale across Britain has increased by 98% when compared to the start of the year, climbing to 218% in some areas, new data shows.
GetAgent analysed current market activity based on homes to have been listed for sale within the last 14 days and how this influx of fresh stock compares to the start of the year to show where the nation’s estate agents have been working hardest in 2023.
The research reveals that across Britain, some 84,615 new homes were listed for sale over the last two weeks, marking a huge 98% increase when compared to the start of the year.
It is Scotland where estate agents have been at their busiest, with the nation seeing the level of new homes reaching the market jump by 218% in recent weeks when compared to market activity levels at the start of the year.
In the North East, the number of homes listed in the last 14 days is 157% higher than in January, with the North West (+146%) and Yorkshire and the Humber (+132%) also seeing some of the largest spikes in market activity on the selling side.
The East of England has seen the smallest uplift in the level of new homes being listed, but even still, there are currently 59% more properties being sold today when compared to the start of the year.
The South East and London may sit mid-table when it comes to the change in new stock levels reaching the market, however, they rank top in terms of the sheer volume of new listings at 14,662 and 11,878 respectively.
The COO of GetAgent.co.uk, Mal McCallion, commented: “Despite finishing 2022 on a note of uncertainty, many estate agents have entered into 2023 with a rejuvenated level of confidence in the market and it seems as though they were right to do so.
“While we’ve had to negotiate a brief period of adjustment where house prices are concerned, the property market is alive and kicking and we continue to see a strong level of activity from the nation’s home sellers who remain undeterred in their endeavours.
“In fact, our research shows that it has been an extremely busy few months, with the level of for-sale stock reaching the market increasing by quite some margin when compared to the start of the year.
“So it would seem as though the challenge facing the nation’s agents isn’t a decline in market health, but more a case of how they stand out from the crowd and remain competitive in what continues to be a busy marketplace.”