Liverpool has emerged as the busiest city for agency with the hometown to The Beatles sitting top when it comes to the most prosperous market with the highest number of listings per agent, research from eXp UK reveals.
Across the 25 British cities there are an average of 343 estate agency branches per city, while the average number of listings per city is 3,710 – giving an average of 11 listings per branch across the 25 cities analysed by eXp UK.
19 FOR SALE LISTINGS PER BRANCH
Rightmove data shows some 8,003 homes are currently listed for sale across Liverpool and with 423 estate agency branches that gives an average of 19 for sale listings per branch.
Portsmouth is also home to some of the busiest agents at the start of 2024, with 2,240 listings and 124 branches equating to an average of 18 listings per branch, followed by Leeds with an estimated 16 listings per branch.
Other cities where estate agents are off to a quick start to the year include Cardiff (15), Nottingham (14), Glasgow (14), Bristol (14) and Sheffield (14).
At the other end of the scale, stock in Newcastle equates to just six listings per agent, with Preston (6), Swansea (7) and Northampton (8) also home to some of the lowest average for sale stock levels per agent of all cities.
BUSY START TO 2024
Adam Day, Head of eXp UK, says: “With the market starting to pick up towards the back end of last year, it’s been a perhaps surprisingly busy start to 2024 for many estate agents.
“Growing stability has tempted both buyers and sellers back to the fold and many agents are finding that the initial task of building their property portfolios isn’t as hard as previous months, it’s the sales progression that is keeping them busy.”
He adds: “Of course, the diverse nature of the UK property market means that while some agents are hard at work with sales progression, others haven’t quite seen the same resurgence in for sale stock levels just yet.
“For these agents, demonstrating why they are the best choice will ensure it’s only a matter of time before their portfolio of for sale stock starts to build as the market continues to show ongoing signs of positivity already this year.”