Property activity hits pre-COVID figures in May

Following a slower than anticipated property market in April, the latest data from the Agency Express Property Activity Index has revealed a seeming robust increase in activity in May.

National month on month figures for new listings ‘For Sale’ sat at 15.5% and properties ‘Sold’ 7.9%. Looking back at the index’s archives we can see that activity has increased year on year and figures starting to get back to pre-COVID levels.

Observing performance across the rest of the UK, all twelve regions recorded by the Property Activity Index reported increases in both new listings ‘For Sale’ and properties ‘Sold’.

London sat at the top of this month’s leader board with new listings at a record breaking 44.6%, while figures for properties ‘Sold’ remined more subdued at 11.3%.

Robust figures were also reported in the South East with new listings at +33.2% and figures for properties ‘Sold’ on par with London at +11.2%.

Other regional hotspots included:

New listings ‘For Sale’

  • East Anglia 28.7%
  • West Midlands 18.6%
  • Yorkshire and Humberside 12.5%
  • Central England 10.9%
  • South West 7.6%
  • East Midlands 7.3%

Properties ‘Sold’

  • East Midlands 13%
  • Central England 11.1%
  • South West 10.2%
  • North East 9.9%
  • Yorkshire and Humberside 8.9%

The smallest increases in this month’s index were recorded in the West Midlands. New listings ‘For Sale’ sat at 3.1% and properties ‘Sold’ only marginally more at 3.9%. 

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

May has historically been a slower month for board movements. However, pre-pandemic we started to see a shift in this trend and year on year figures had risen. This month it is great to see activity getting back to those levels. Moving into June we would expect to see further increases, alongside the return of summer sponsorships and fetes.  

Monthly % Changes for May 2022

% Changes for Mar - May 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
May 22 May 21 May 22 May 21
NATIONAL 15.5 -9.7 7.9 -2.8
Central England 10.9 -7.3 11.1 -2.2
East Anglia 28.7 -12.4 5.7 -9
East Midlands 7.3 -22.2 13 -2.3
London 44.6 -17.5 11.3 -12.7
North East 4 -11.7 9.9 -3
North West 7 -5.6 3.2 -1.9
Scotland 1.6 -1.6 6.9 -5.5
South East 33.2 -15.7 11.2 -12.7
South West 7.6 -8.3 10.2 -0.2
Wales 18.6 -3.7 6.5 0.9
West Midlands 3.1 -6.9 3.9 13.1
Yorks & Humber 12.5 -4.7 8.9 0.6
New Listings Properties Sold
Mar -
Aug 22
Mar -
May 21
Mar -
May 22
Mar -
May 21
NATIONAL 7.6 4.1 3.2 4.6
Central England 7.5 2.6 2.4 7.6
East Anglia 11.8 5 -0.3 4.7
East Midlands 4 3.1 1.4 5
London 17.6 3.4 6.1 5.7
North East 0.3 2.7 2.6 2.2
North West 5.9 2 6 1.2
Scotland 10.1 8.1 9.7 7.1
South East 13.8 2.2 4.5 1.4
South West 6.9 3.2 3.8 3.4
Wales 6.3 7.3 4.9 4.6
West Midlands 1.5 5.2 0.6 8.1
Yorks & Humber 3.2 5 1.1 4.7
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