Home seller hotspots since the property market reopened

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The latest research by estate agent comparison site, GetAgent.co.uk, has revealed where the market is seeing the most homeseller activity a year on from reopening from lockdown restrictions.

GetAgent analysed the number of homes listed for sale across the property market in England and Wales between 20th April and 12th May 2020, the day before lockdown restrictions were eased and the property market was allowed to reopen. GetAgent then conducted the same analysis between 29th April and 12th May 2021, to see which areas of the market had seen the biggest revival in homeseller activity.

The reopening of the market and the additional draw of a stamp duty holiday have clearly helped revive homeseller intent across England and Wales, with 77,803 homes listed for sale in 2021. This is a 279% increase when compared to the same time period a year ago, with 57,288 more homes now available to satisfy buyer demand.

Largest percentage increase in for sale stock

In terms of the biggest boost to stock levels, there are now 946 more homes for sale across Birmingham than there were a year ago. Buckinghamshire has also seen one of the biggest turnarounds, with 901 more homes listed for sale now compared to when the market reopened

Leeds (795), Liverpool (749) and Leicester (692) have also seen some of the biggest increases in homeseller stock in terms of the sheer number of additional homes for sale.

Largest percentage increase in for sale stock

Of course, with England and Wales home to so many diverse property pockets, the volume of new stock isn’t the only indicator of a market revival.

Harborough in Leicestershire has seen a 1,786% increase in the number of homes for sale now compared to a year ago. West Devon has also seen a huge increase at 1,475%, as has Breckland (1,033%).

Halton (933%), High Peak (873%), Hart (850%), Watford (821%), Oxford (800%), North East Derbyshire (789%) and Broxbourne (783%) have also seen some of the largest percentage increases in for sale stock since in the last year.

Founder and CEO of GetAgent.co.uk, Colby Short, commented:

“Given the record levels of house price growth in recent months and the huge levels of buyer demand, it’s easy to forget that things looked very different just a year ago.

With the nation in lockdown, home seller stock levels plummeted and with the market shrouded in Covid uncertainty, the outlook was bleak, to say the least.

However, the reopening of the market and the addition of a stamp duty holiday has spurred a meteoric return to health. This has been seen pretty much across the board, whether it be in the form of a substantial influx in stock volumes across the nation’s larger cities, or simply a more measured increase in smaller towns that actually equates to a notable jump in percentage terms.”

Table shows the top 10 largest changes in homeseller stock ranked by actual change
Location Lockdown Stock Levels Current Stock Levels Change Change %
Birmingham 281 1,227 946 337%
Buckinghamshire 272 1,173 901 331%
Leeds 280 1,075 795 284%
Liverpool 483 1,232 749 155%
Leicester 267 959 692 259%
Cornwall 266 933 667 251%
Bournemouth Christchurch and Poole 148 806 658 445%
Exeter 186 780 594 319%
County Durham 188 756 568 302%
Bradford 152 686 534 351%
England and Wales 20,515 77,803 57,288 279%
         
Table shows the top 10 largest changes in homeseller stock ranked by percentage change
Location Lockdown Stock Levels Current Stock Levels Change Change %
Harborough 7 132 125 1786%
West Devon 4 63 59 1475%
Breckland 6 68 62 1033%
Halton 9 93 84 933%
High Peak 11 107 96 873%
Hart 12 114 102 850%
Watford 24 221 197 821%
Oxford 20 180 160 800%
North East Derbyshire 9 80 71 789%
Broxbourne 12 106 94 783%
England and Wales 20,515 77,803 57,288 279%
  April 29th 2020 to May 12th 2020 April 29th 2021 to May 12th 2021    

 


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