The highs and lows of Junes property market

The latest data from the Agency Express Property Activity Index has revealed a further increase in properties coming on to the market during June, but the number of properties ‘Sold’ has fallen. National month on month figures for new listings ‘For Sale’ sat at 10.4%, while properties ‘Sold’ sat at -3%. Although, this month’s ‘Sold’ figures are somewhat distorted by an unseasonal spike in activity during in May.

Observing performance across the rest of the UK, nine of the twelve regions recorded by the index reported increases in new listings ‘For Sale’ and five reported increases in properties ‘Sold’. This month’s prominent performing region was Central England, reporting robust increases in both properties ‘For Sale’ sitting at 13.90% and ‘Sold’ at 5.70%. Wales followed suit reporting record best increases for June with new listings 'For Sale' sitting at 3.60%.

Other regional hotspots in this month’s Property Activity Index included:

New listings ‘For Sale’

  • East Anglia 11.70%
  • South West 10.20%
  • Yorkshire & Humberside 5.20%

Properties ‘Sold’

  • Scotland 12.30%
  • West Midlands 7.50%
  • Wales 5.20%

The largest declines in June’s index were recorded in the North East. Month on month figures for newly listed properties fell for a third consecutive month sitting at -2.80%, and following a robust sales period in May properties ‘Sold’ dropped to -16.2%. However, while the month on month fluctuations may look significant the Index does show us that overall activity has increased year on year.

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

Month on month we see regional figures rise and fall, but overall we are witnessing an increase in properties coming on to the market and stable figures for properties ‘Sold’. As we now move in to in July and August a further slowdown in activity is anticipated, so we’ll be monitoring yearly comparisons closely to see how the summer fairs. 

Monthly % Changes for June 2017

% Changes for Apr - June 2017

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
Jun 17 Jun 16 Jun 17 Jun 16
NATIONAL 10.4 10.6 -3 2
Central England 13.9 2.3 5.7 -1.2
East Anglia 11.7 3 -8.6 -4.2
East Midlands -4.7 -1.8 0.2 11.8
London 65.3 72.3 -7 1.2
North East -2.8 10.1 -16.2 0
North West 4.6 0.1 -1.7 3.1
Scotland -18.3 -3 12.3 3.3
South East 5 22.3 -8.2 4
South West 10.2 3.1 -3.4 0.1
Wales 3.6 -1.5 5.2 -0.3
West Midlands 0.7 2.9 7.5 25.9
Yorks & Humber 5.2 9.6 -7.4 0.8
New Listings Properties Sold
Apr -
Dec 17
Apr -
Jun 16
Apr -
Jun 17
Apr -
Jun 16
NATIONAL 2.5 4.9 -2.7 -1.3
Central England 4.7 4.2 1 -1.7
East Anglia 2.7 4.4 -3.8 -0.9
East Midlands -4.7 -4.8 -2.4 -0.1
London 26.7 33.1 -4.6 -4.2
North East -3.3 -1.9 -4.7 -3.6
North West -0.2 -0.3 -2.9 -1.4
Scotland -5.5 0.4 -0.7 1.1
South East 6.5 8.7 -1.2 -1.4
South West 0.1 1.6 -2.5 -3
Wales -0.7 -0.6 -3.7 -0.6
West Midlands -5.9 0.9 -2.9 0.4
Yorks & Humber -2.2 3.4 -3.2 0.4
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