The number of new properties being brought to the UK sales market last month was up 6.2% on September last year.
The calculation, from online agent Housesimple, is based on figures at the website Home, which show September’s new supply up 18.1% on August.
The number of new listings rose from 61,472 in August to 72,593 in September. The figure does not cover the whole of the UK, only the 100 towns and cities picked out for study by HouseSimple.
In London there was a huge 45.5% increase in new listings in September, more than twice the UK average.
This was the highest level of new supply coming to the market in the capital in any single month since before 2015.
The following table shows the ten UK towns and cities where there were the biggest rises in new sellers in September versus August:
| Town/City
|
Region
|
% Increase in new listingsSept vs Aug |
| London | South East | 45.5% |
| Cambridge | East | 36.2% |
| Salisbury | South West | 34.1% |
| Salford | North West | 33.8% |
| Winchester | South | 32.5% |
| Poole | South | 31.7% |
| Sale | North West | 27.2% |
| Rugby | West Midlands | 26.8% |
| Stevenage | South East | 26.2% |
| Worthing | South East | 26.1% |
The following table shows the five UK towns and cities which saw the biggest drop off in new sellers in September versus August:
| Town/City
|
Region
|
% Decrease in new listingsSept vs Aug |
| Lichfield | West Midlands | -37.1% |
| Lancaster | North West | -31.6% |
| Loughborough | East Midlands | -29.1% |
| Stoke-on-Trent | West Midlands | -28.0% |
| Chester | North West | -26.0% |
London
The following table shows the five London boroughs which saw the biggest rise in the number of new sellers in September vs August:
| London Borough
|
% Increase in September vs August
|
| Kensington & Chelsea | 96.1% |
| Haringey | 79.2% |
| Camden | 77.5% |
| City of Westminster | 70.3% |
| Hammersmith & Fulham | 69.0% |
Sam Mitchell, CEO of HouseSimple.com, said: “It was one of the hottest summers on record and buyer and seller activity inevitably dropped off in July and August.
“But come September, it was very much business as usual. We saw a healthy level of new properties being listed last month, in what is traditionally a busy period for estate agents.
“It’s interesting to note that seller numbers are rising faster in London than anywhere else in the country.
“Understandably, a lot of home owners were choosing to wait, hoping that prices would recover quickly.
“Now that doesn’t appear likely, the need to move is the priority. They don’t want to wait any longer and they know this is a good time to sell with plenty of motivated buyers.
“It’s not so much a case of beating the Brexit rush for the door, but more that life has to go on.”
Comments (5)
Why are my figures always the complete opposite of eye’s? . We are dead, and heard ‘waiting till after brexit ‘ about 5 times this week. Hold tight people. Going to be a very early xmas and a late new year.
Don’t worry…its based on data found on the world renowned portal Home! It is as likely to be about new data being screen scraped rather than actual surges in stock! Therefore I would like to Soothe You Bless You
Ditto
bless you both
Always makes me smile how the ‘onliners’ like Housesimple (and others) manage to make PR out of data that is generated/provided by 95% of the property sector that they don’t represent.
Traditional agents aren’t the way forward but we’ll use their data anyway to gain some PR for ourselves!
72,593 new listings in September across 100 towns – and how many of those belonged to Housesimple?