New listings ‘For Sale’ down February 2020
The latest data from the Agency Express Property Activity Index, has highlighted a slow down in new listings coming on to the UK property market in February.
National month on month figures for new listings ‘For Sale’ fell at -0.6%, but according to the Index’s historical data activity remains on trend year on year. Figures for properties ‘Sold’ sat at a robust 12.8%, but again were marginally down year on year.
Looking at performance across the individual regions recorded by the Property Activity Index, Scotland sat at the top of this months regional hot list with new listing ‘For Sale’ at 20.9% and properties ‘Sold’ at 22.9%.
Commenting on the latest index results, Stephen Watson, Managing Director of Agency Express said:
We typically see figures plateau in February following the January spike, but the latest data from the Property Activity Index has shown a marginally slower moving market compared to 12 months previous. Nevertheless we have seen a resurgence in activity when compared to the back end of last year, which leaves us in good stead for forthcoming months.