Plymouth might be famous for its gin but it’s also taken the crown as the nation’s busiest city for estate agent activity where 4,211homes have been listed in the last six months by 167 individual agents averaging 25 properties each.
Latest internal data from estate agent comparison site GetAgent.co.uk reveals that over the last six months a total of 226,120 homes have been listed for sale across 30 major cities by 15,046 unique agents, averaging 15 properties each.
While Plymouth takes the top spot agents in Newcastle aren’t far behind with the city seeing more than three times the number of new listings over the last six months compared to Plymouth (12,652) and marketed by 550 unique agents, averaging 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.
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.
MAKES SENSE
Colby Short, GetAgent.co.ukColby Short, Co-founder and Chief Executive of GetAgent.co.uk, says: “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.”
But he adds: “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 six 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.”
