Published on Property Eye, (an estate agency industry website) on the 13th September, Marc da Silva’s article ‘What is currently happening in the UK property market?’ offers an extraordinary array of statistics that delve into the estate agents fortunes across the nation.
A particularly interesting section states:
% of Homes exchanging vs homes unsold
Of the 1,019,576 UK homes that left UK Estate Agents books since the 1st Jan 2024, 541,540 of them (53.11%) exchanged & completed contracts (meaning the homeowner moved and the estate agent got paid). The remaining 478,036 (46.89%) were withdrawn off the market, unsold. In essence you have a flip of the coin chance of actually selling, homeowners moving and the estate agent getting paid. Over valuing is casing a lot of this.
We are pleased to say our result show a significant improvement, with the average number of lots sold against lots offered at 89%.