Busiest cities for estate agent activity revealed

While the average agent across Britain is listing 15 properties for sale, this measure of current market activity ranges between 10 to 25 from one major city to the next.

GetAgent analysed its own internal data looking at for sale stock listed across 30 British major cities over the last six months before comparing this to the number of unique agents to have listed this stock, to reveal the average number of homes currently on the books of agents within these major cities.

The research shows that over the last six months a total of 226,120 homes have been listed for sale across the 30 major cities analysed by GetAgent. These homes have been listed by 15,046 unique agents, meaning that on average, these agents are listing 15 properties each.

Of course, this current gauge of buyer market activity differs drastically when breaking the market down from one city to the next.

Plymouth is home to the nation’s busiest estate agents at present, where 4,211 homes have been listed in the last six months by 167 individual agents. This means that those agents who have bolstered their stock levels over the last six months are listing an average of 25 properties.

Agents in Newcastle aren’t far behind in this respect. While the city has seen more than three times the number of new listings over the last six months when compared to Plymouth (12,652), these homes are being marketed by 550 unique agents, meaning that on average, these agents are listing 23 properties each.

Across both Bristol (22) and Norwich (20), agents have listed 20 or more properties in the last six months, while in Glasgow, Liverpool, Cornwall and Nottingham they’ve averaged 18 listings.

In contrast, agents in Bath, Bolton, Chester and Bradford have seen the most muted level of market activity. Over the last six months, those agents to have listed homes for sale have done so at a rate of 10 listings each.

The co-founder and CEO of GetAgent.co.uk, Colby Short, commented: “It makes sense that agents in cities with lower property values and fees need to sell more properties to survive as a business. In contrast, agents in cities like London can get by with fewer completions, as each one generates a large fee.

“A good exception to this rule seems to be Bristol, which has relatively high property values, yet the average agent still lists 22 properties every six months.

“However, at the other end of the scale are Bolton and Bradford, where not only are the average fees very low, but the average agent also lists only 10 properties every 6 months. Obviously, this is just an average, and many agents will be doing better than this, but it does demonstrate how tough the market is in some locations. Hopefully, agents in these areas have strong Lettings departments.”

 

Table shows the total number of listings across each major city over the last six months, the number of unique agents to have listed a property for sale, and the average number of properties listed per agent.
Source: GetAgent.co.uk
Location Listed last 6 months
Number of agents that have listed
Ave listings per agent
Plymouth 4,211 167 25
Newcastle 12,652 550 23
Bristol 9,196 414 22
Norwich 5,869 290 20
Glasgow 8,674 475 18
Liverpool 8,055 444 18
Cornwall 8,694 482 18
Nottingham 9,053 510 18
Sheffield 5,695 328 17
Edinburgh 4,994 298 17
Cardiff 4,373 262 17
Leeds 7,043 453 16
Leicester 6,424 451 14
London 66,640 4,784 14
Manchester 10,473 762 14
Doncaster 4,116 302 14
York 3,522 260 14
Birmingham 9,679 715 14
Cambridge 3,207 242 13
Exeter 2,514 193 13
Bournemouth 3,123 240 13
Colchester 3,873 298 13
Coventry 4,686 368 13
Northampton 3,941 316 12
Reading 3,884 326 12
Brighton 2,916 257 11
Bradford 2,931 283 10
Chester 1,817 176 10
Bolton 2,511 259 10
Bath 1,354 141 10
All 30 Major Cities 226,120 15,046 15
Source: GetAgent.co.uk

 

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One Comment

  1. Commentator91

    CORNWALLis NOT a city I’m afraid…!

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