Research by Nested, the modern estate agent, has revealed that the average estate agent across Britain sold 5.3 homes each and every month in 2022, although Scotland tops the table, where as many as 13.1 homes were sold per agent each month.
Nested analysed where estate agents had put in the greatest shift based on the estimated number of agents in each region, the average monthly volume of homes sold and what this equated to per month for each agent.
The research shows that there are an estimated 13,396 estate agents across Britain and in 2022, some 844,995 homes were sold, equating to an average of 70,416 homes sold per month. This means that, on average, each estate agent across Britain sold 5.3 homes per month throughout the year.
However, when analysing this level of market activity at regional level, some regions are home to a far higher selling rate than others. According to the research by Nested, the average agent in Scotland sold a notable 13.1 homes per month.
In the North West, the average agent sold 8.8 homes per month, while this figure stood at 8.6 homes sold per agent in the East Midlands.
With the London market largely underperforming when compared to the rest of the UK since the start of the pandemic property market boom, it’s no surprise that the region also ranks last in terms of market activity per agent. In fact, the figures from Nested show that the average agent within the capital sold just 1.8 homes per month in 2022, with the South East seeing the next lowest level of activity at 4.3 homes sold per agent, per month.
At city level, Bradford ranks top where 12.4 homes were sold per agent every month, followed by Edinburgh (10.9) and Sheffield (6.5).
Alice Bullard, Managing Director at Nested, the modern estate agent said, “Despite increasing interest rates and the market instability that followed September’s mini budget, 2022 remained a busy year for the nation’s estate agents, who continued to service a high level of market activity.
Of course, while the market as a whole has stood firm, some areas have remained busier than others and nowhere more so than in Scotland where the country’s agents sold a quite remarkable level of homes.
In contrast, the slow but steady landscape seen across London has meant that the level of homes sold per agent is considerably lower than the rest, although the silver lining is that the fees earned across the capital are substantially higher due to the higher cost of property.”
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