Property sales slow in June 2022

June’s property market data from the Agency Express Property Activity Index reports a marginal increase in new listings but a decline in property sales.

National month on month figures for new listings ‘For Sale’ sat at 1.3%, while figures for properties ‘Sold’ fell to -10.4%. Looking at historical data recorded by the index we can see that ‘Sold’ figures are down year on year.

Observing performance across the twelve regions recorded by the Property Activity Index, five reported increases in new listings ‘For Sale’ and none of the twelve regions reported an increase in properties ‘Sold’.

Following on from May, London once again sat at the top of the index leader board with new listings at 11.2%, maintaining pre-COVID figures.

Other regional to buck the trend included:

New listings ‘For Sale’

  • South East 7.4%
  • Central England 6.1%
  • East Anglia 5.2%
  • North West 1.3%

The regions to report the smallest declines in properties ‘Sold’ included:

Properties ‘Sold’

  • Scotland -3.9%
  • West Midlands -6.2%
  • East Anglia -7.7%
  • North West -8%
  • Yorkshire & Humberside -9.7%

The largest decline for properties ‘Sold’ in this month’s Property Activity Index was also reported in London, with figures at -15.9%. Again, the decline in activity is greater  than the same period twelve months previous.

Commenting on the latest index results, Ben Brookes, Managing Director of Agency Express said:

In June we typically see an increase in activity throughout market. This month’s data from the Property Activity Index has shows some hesitation in the market. New listings remain strong, but affordability remains a hurdle as people continue to feel the cost-of-living pinch. As we now move in to in July and August and the school holiday period a further slowdown is anticipated, so we’ll be monitoring yearly comparisons closely to see how the rest of the summer fairs.

 

Monthly % Changes for June 2022

% Changes for Apr - June 2022

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 22 Jun 21 Jun 22 Jun 21
NATIONAL 1.3 -1.2 -10.4 -10.1
Central England 6.1 -7.7 -13.1 -15.7
East Anglia 5.2 2.4 -7.7 -7.4
East Midlands -1 -0.2 -11.6 -14.1
London 11.2 -7.3 -15.9 -5
North East -3.9 4.1 -11.5 -9.5
North West 1.3 1.5 -8 -10.4
Scotland -0.4 -3.9 -3.9 -3.9
South East 7.4 11.5 -10.7 -2.1
South West -9 -5.6 -14.6 -13.7
Wales -4.6 -5.1 -14.2 -11.4
West Midlands -3.2 -0.6 -6.2 -13
Yorks & Humber -1.3 -1.8 -9.7 -10.3
New Listings Properties Sold
Apr -
Aug 22
Apr -
Jun 21
Apr -
Jun 22
Apr -
Jun 21
NATIONAL 1.5 -6.3 -6 -5.5
Central England 3.9 -8.8 -5 -6.9
East Anglia 6.8 -3.9 -7 -5.1
East Midlands 0.1 -5.6 -4 -5.6
London 12.9 -8.6 -6.2 -5.1
North East -5.2 -8.6 -6.4 -7
North West -2.1 -7.3 -4.8 -6.4
Scotland -0.2 -1.8 0.4 -2
South East 7.6 -7.2 -8 -5.3
South West -3.6 -9.2 -6.5 -8.1
Wales -1.2 -3 -6 -4.5
West Midlands -4.3 -6.2 -9 -3.7
Yorks & Humber -1.5 -5 -6.4 -5.4
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