Revealed - agents sell up to a fifth of stock each mo...

Estate agent comparison site, GetAgent.co.uk, has revealed which postcodes estate agents with the highest turnovers reside.

Registered property transactions over 3 months, the level of sales turnover activity, and the transactions of all homes listed for sale were analysed.

The figures show that across England and Wales have facilitated just over 43,000 transactions per month over the last three months. That means an estimated 17% of all homes listed for sale have been sold monthly.

Which regions are the top performers?

Estate agents are selling over 5,500 homes on average per month, the North West ranks first place. Yorkshire and The Humber are also receiving high success rates as this monthly average is around 4,200.

Even when this regional rate of sales is compared to the total stock listed, both regions come out on top. Estate agents across both areas are selling 20% of all homes for sale on a monthly basis.

With 19% of homes sold monthly, the West Midlands and the North East closely followed. The East Midlands reached 18% while the South East, East of England, and South West hit 17%.

Chief operating officer of GetAgent.co.uk, Mal McCallion commented: “The property market has been motoring since the pandemic and this is abundantly clear when analysing just how hard the nation’s estate agents have been working. And now, even during a more difficult period for the market, in many areas of the UK correctly-priced homes are still selling as quickly as agents can list them.”

“Of course, it’s important to note that a good quality agent is based on far more than their sales turnover - and the challenges they face differ from one property pocket to the next. In today’s market, the real value added by agents isn’t just through speed of sale or asking price achieved - it’s by using their experience and knowledge to synthesise these skills and get the sale over the line.”

“These traits are particularly invaluable in slower areas of the market and it’s fair to say that now, more than ever, quality counts - you’re going to need all the attributes of a great agent to get your best sale through for the rest of this year and the next.”