The average estate agent across Britain sold 5.3 homes each and every month in 2022, according to new research.
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.
According to the research, 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. Therefore, the study found, on average, each estate agent across Britain sold 5.3 homes per month throughout the year.
Analysing market activity at a regional level, Nested found the average agent in Scotland sold 13.1 homes per month. In the North West, the average agent sold 8.8 homes per month, while the figure for the East Midlands was 8.6 homes.
The London market has largely underperformed when compared to the rest of the UK since the start of the pandemic property market boom, and the region also ranked last in terms of market activity per agent, according to the research; the average agent within the capital sold 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 ranked top, with 12.4 homes sold per agent every month, followed by Edinburgh (10.9) and Sheffield (6.5).
Alice Bullard, managing director at Nested, commented: “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.”
