School's out and sales slow down

The latest data revealed by the Agency Express Property Activity Index has highlighted drop in both new listings ‘For Sale’ and properties ‘Sold’ during July. National figures for properties ‘Sold’ fell by -15.6% as did figures for new listings ‘For Sale’ which fell  by -3.10%.

However the Property Activity Index’s rolling three monthly data show that properties coming on to the market during this time only saw a marginal decline of -0.20% and the number of residential properties achieving a ‘Sold’ status actually increased 2.6%. 

Out of the twelve regions recorded by the Property Activity Index seven reported declines in properties ‘Sold’ and ten recorded a drop in new listings ‘For Sale’.  The largest declines in this month’s Index were recorded by London.  After six consecutive months of robust increases the capital witnessed a sharp drop,  with new listings falling by -51.7% and properties ‘Sold’ falling by -19.4%.

This month’s top performer and only region to record an increase in both new listings and properties ‘Sold’ was the East Midlands.  Bucking the trend and recording their best July since the Index’s records,  new listings ‘For Sale’ rose by +2.60% and properties ‘Sold’ saw and increase of +4.10%. 

Properties ‘Sold’

 North West +10.60%

East Midlands +4.10%

Central England +3.30%

Wales +1.60%

New listings ‘For Sale’

North East +4.30%

East Midlands +2.60%

 Agency Express Comments

Commenting on the latest index results, Stephen Watson, Managing Director of Agency Express said: 

This month’s figures come as no surprise, we have now entered the summer holiday months and seasonal adjustments are anticipated.  Although this month’s decline seems significant year on year figures are still robust.  In July 2014 we saw a much larger drop where new listings ‘For Sale and ‘Sold’ figures  fell in excess of 20%. As we pick up pace post September we look forward to seeing these figures evening out again.

Monthly % Changes for July 2015

% Changes for May - July 2015

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

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

New ListingsProperties Sold
Jul 15Jul 14Jul 15Jul 14
NATIONAL-15.6-21.2-3.1-13.5
Central England-28.9-23.13.38.7
East Anglia-16.6-16.6-4.6-17.8
East Midlands2.6-23.84.1-23.8
London-51.7-45.4-19.4-14
North East4.3-7.8-6.921.2
North West-8.3-20.410.6-18.3
Scotland-8.2-14.4-0.6-22.9
South East-17.8-27.10.3-6.8
South West-3.7-11.1-5.8-14.6
Wales-0.93.31.65
West Midlands-1.1-18.1-7.7-13.7
Yorks & Humber-8.8-21.90.1-20.1
New ListingsProperties Sold
May -
Sep 15
May -
Jul 14
May -
Jul 15
May -
Jul 14
NATIONAL-0.2-1.22.6-2.7
Central England-2.62.42.25.3
East Anglia-0.7-0.72.2-5.2
East Midlands1.9-3.96.1-3
London-4.26.3-0.3-1.5
North East6.5-0.85-1.3
North West-0.3-7.75.6-6.5
Scotland0.5-45.9-4.4
South East0.7-0.53.1-2.2
South West1.41.82.8-1.4
Wales-0.84.77.50.1
West Midlands-0.2-7.1-0.5-1.5
Yorks & Humber0.9-1.9-0.2-2.8
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