August's property activity springs no surprise

August’s property market springs no surprise, as the latest data from the Agency Express Property Activity Index reveals a slowdown in activity midst the summer holidays.

National month on month figures for new listings ‘For Sale’ sat at -8.3% and properties ‘Sold’ at -5.2%. Looking back at the index’s historical records we can see that year on year activity for the month has remained largely on trend.  

Looking at regional performance across the UK, two of the twelve regions recorded by the Property Activity Index reported increases in properties ‘For Sale’ and six reported increases in properties ‘Sold’.  

The South East sat at the top of this month’s leader board reporting record high increases for the month. New listings ‘For Sale’ sat at 2.4% and properties ‘Sold’ at 11.7%. Wales followed suit with a record best figure for properties ‘Sold’ at 20.1%.

Of the remaining regions the following also reported increases:

New listings ‘For Sale’

  • North East 2.7%

Properties ‘Sold’

  • South West 1.3%
  • East Anglia 1.5%
  • West Midlands 2.5%
  • London 7.9%

The largest declines in this month’s Property Activity Index were recorded in the North West. Following a robust return to market post lockdown this months figures have fallen substantially. New listings ‘For Sale’ sat at -23.7% and properties ‘Sold’ at -21.2%. However, over a three-month rolling period figures remain robust and exceed those recorded in the same period of 2019.    

Commenting on the latest index results, Ben Brookes, Managing Director of Agency Express said: This year has been anything other than typical, but throughout August a seasonal adjustment is anticipated and although many regions have seen a substantial slowdown, year on year figures are on track.  As we move in to September our outlook remains positive and we expect the usual pick up in pace.

Monthly % Changes for August 2020

% Changes for Jun - August 2020

New Listings
% Change over last 12 months vs Previous 12 months

Properties Sold
% Change over last 12 months vs Previous 12 months

New Listings Properties Sold
Aug 20 Aug 19 Aug 20 Aug 19
NATIONAL -8.3 -7.8 -5.2 -6.3
Central England -4.2 -11.7 -0.3 -6.7
East Anglia -1.6 -9.2 1.5 -15.5
East Midlands -7.3 -5 -7.9 -7.4
London -2.4 -7.9 7.9 -9.3
North East 2.7 -7.7 -4.2 -3.1
North West -23.7 -1.2 -21.2 -2.1
Scotland -0.8 -13.3 -8.2 -0.7
South East 2.4 -13.8 11.7 -5.7
South West -6.8 -9.5 1.3 -9
Wales -10 -7.9 20.1 -8.5
West Midlands -5.4 -6.8 2.5 4.5
Yorks & Humber -23.4 -0.1 -28.9 -7.9
New Listings Properties Sold
Jun -
Oct 20
Jun -
Aug 19
Jun -
Aug 20
Jun -
Aug 19
NATIONAL 15.8 -3.7 23.3 -1.9
Central England 15 -5.7 22.6 -3.9
East Anglia 18.7 -3.7 25.1 -4.1
East Midlands 10.9 4.2 14.4 2.5
London 19.1 -10.2 25.5 -2.8
North East 19.3 -4.2 26 -5.6
North West 6.4 -3 15.5 -1.6
Scotland 63.5 -4.1 56.8 -3.4
South East 15.3 -8.7 24.3 -5.6
South West 14.7 -3.6 22 -1.6
Wales 23.7 -3.3 52.3 -2
West Midlands 11 0 20.5 2.5
Yorks & Humber 10.8 -0.2 15.7 0
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