| Month | Average New Applicants | Average New Instructions | Average New Viewings | Average New Offers | Average Exchanges |
| May 16 | 74 | 11 | 114 | 16 | 3.9 |
| Apr 16 | 91 | 11 | 132 | 18 | 3.89 |
| Mar 16 | 85 | 12 | 123 | 17 | 6.76 |
| Feb 16 | 90 | 12 | 133 | 19 | 4.17 |
| Jan 16 | 100 | 9 | 132 | 17 | 4.06 |
| Dec 15 | 47 | 6 | 65 | 10 | 5.19 |
| Nov 15 | 70 | 8 | 104 | 15 | 5.29 |
| Oct 15 | 80 | 10 | 121 | 17 | 5.58 |
| Sep 15 | 89 | 10 | 117 | 19 | 5.6 |
| Aug 15 | 90 | 10 | 108 | 19 | 5.79 |
| Jul 15 | 92 | 12 | 114 | 22 | 6.28 |
| Jun 15 | 95 | 12 | 117 | 22 | 5.34 |
| May 15 | 91 | 11 | 115 | 21 | 5.16 |
| Apr 15 | 101 | 12 | 109 | 21 | 4.15 |
| Mar 15 | 103 | 12 | 119 | 24 | 9.39 |
| Feb 15 | 95 | 11 | 113 | 20 | 3.14 |
| Jan 15 | 109 | 11 | 114 | 17 | 3.35 |
| Dec 14 | 48 | 4 | 51 | 10 | 3.92 |
What is the market doing? And what will it be doing in the coming months?
The information above tracks the market back to December 2014, month by month, and comes to us from software provider Expert Agent.
It covers a total of 2,143 branches out of the firm’s 2,576 branches that it supplies. The ones filtered out are those that do lettings only, or have very small sales operations. All the branches are part of independent businesses.
While too early to predict any firm trend, the May figures do show a falling off of interest and viewings compared with the earlier months of this year, while exchanges in both April and May were very low compared with March. Noticeably, however, new instructions have held up well.
We will repeat the exercise again next month, and are grateful to Expert Agent for their help.
Suffering from short term memory loss? March exchanges were at record levels because of the forthcoming SDLT levy. Its disingenuous to subsequently claim that April & May were comparatively low. Nonsense.
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They are comparatively low compared to pretty much every month in the previous 12 months, too, BrenGun.
What interests me is the number of instructions has stayed pretty steady since last January – people still want to buy property independently of the market – good on the Brits for maintaining their efforts!
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I believe,personally, that the market will level off over the next 6-8 weeks then we will see more price reductions as the reality kicks in with us EA’s that less is selling then hopefully we will see even the most unrealistic, optimistic and the foolhardy EA’s start pricing accordingly and perhaps then we will see some realignment of property prices rather than a stampede to get sold before the “gossiped of” crash
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If i were a customer of expert agent, not sure i would like my data collected and used in this way …
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If it helps, we are getting more and more instructions.
Whilst the Government has imposed austerity on public services and reduced spending people who are in a job obviously feel secure and therefore, along with low interest rates and the variety of assistance to buy schemes, are able to purchase property.
Austerity does not mean that people in work aren’t feeling confident or that businesses aren’t growing and therefore more people being employed and staying employed.
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