eXp UK says it continues to outperform the wider property market when it comes to winning new instructions as increased seller confidence fuels stronger activity levels across the sector.
Analysis by the agency platform, based on TwentyEA market data, found that average monthly growth in new instructions across the wider market has stood at 8.1% over the last six months. In comparison, eXp UK recorded average monthly growth of 12.7%.
The company says momentum has accelerated further in recent months, with instruction volumes rising by 56.5% over the last three months compared to the previous quarter. Across the wider market, instruction growth over the same period stood at 52.5%.
eXp UK also points to stronger operational performance compared to traditional and online agency models.
PRICING ACCURACY
According to the analysis, the average time from instruction to completion currently stands at 169 days for eXp UK agents, compared to 195 days for traditional agents and 191 days for online operators.
The company also claimed strong pricing accuracy, with listings averaging 0.83% above automated valuation model estimates at instruction, while achieved sale prices sit 1.63% below Land Registry benchmarks.
The figures come as competition for instructions intensifies across the market, with agents seeking to capitalise on improving levels of seller activity despite ongoing economic and geopolitical uncertainty.
FASTER COMPLETION TIMES
Adam Day (main picture, inset), Head of eXp UK and Europe, says: “The market has shown a clear uplift in seller activity in recent months and the fact that eXp UK is continuing to outperform the wider market when it comes to instruction growth demonstrates the strength of both our platform and our agents.
“Importantly, this growth is not coming at the expense of operational performance. We’re continuing to deliver faster completion times and strong pricing accuracy while scaling at pace, which is exactly what agents need in today’s market environment.
“For agents considering a move into the self-employed space, the question increasingly becomes why wait.
“The industry is evolving quickly and our upcoming conference is a fantastic opportunity for agents to experience first-hand how the eXp platform, technology and support structure can help them grow more successfully within their local market.”
