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Number of new sellers listing properties in May reaches new high

May saw the highest number of new sellers list their properties in any single month since before 2017, according to the latest Property Supply Index compiled by online estate agent HouseSimple.

The latest figures reveal that across 100 major UK towns and cities, 73,577 new properties were marketed by estate agents in May, compared to 68,500 in April, a 7.4% increase.

HouseSimple only started recording new property supply figures at the start of 2017, and May is the first month since the beginning of 2017 that new seller numbers have surpassed 70,000. New property listings last month were also 54.6% higher than the corresponding month in 2017.

Across 100 towns and cities, more than three quarters (79%) saw new stock levels rise in May vs April. Two areas in the South East experienced the biggest uplift in new stock in May. Chichester saw new property listings double last month, up 98.3% on April, with listings up 58.2% in Oxford.

Sam Mitchell, CEO at HouseSimple, said: “May saw a healthy boost in stock coming onto market, with eight out of ten areas experiencing an increase in new listings. Buyers are showing real intent to purchase at the right price, especially with no sign of an interest rate rise on the horizon and some attractive mortgage deals on offer.”

<!--[if gte mso 9]><xml> Normal 0 false false false MicrosoftInternetExplorer4 </xml><![endif]--><!--[if gte mso 9]><xml> </xml><![endif]--><!--[if !mso]><object classid="clsid:38481807-CA0E-42D2-BF39-B33AF135CC4D" id=ieooui></object> <style> st1\:*{behavior:url(#ieooui) } </style> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} </style> span lang="EN" style="mso-ansi-language: EN;">May saw the highest number of new sellers list their properties in any single month since before 2017, according to the latest Property Supply Index compiled by online estate agent HouseSimple.

span lang="EN" style="mso-ansi-language: EN;">The latest figures reveal that across 100 major UK towns and cities, 73,577 new properties were marketed by estate agents in May, compared to 68,500 in April, a 7.4% increase.

span lang="EN" style="mso-ansi-language: EN;">HouseSimple only started recording new property supply figures at the start of 2017, and May is the first month since the beginning of 2017 that new seller numbers have surpassed 70,000. New property listings last month were also 54.6% higher than the corresponding month in 2017.

span lang="EN" style="mso-ansi-language: EN;">Across 100 towns and cities, more than three quarters (79%) saw new stock levels rise in May vs April. Two areas in the South East experienced the biggest uplift in new stock in May. Chichester saw new property listings double last month, up 98.3% on April, with listings up 58.2% in Oxford.

strong>Sam Mitchell, CEO at HouseSimple, said: “May saw a healthy boost in stock coming onto market, with eight out of ten areas experiencing an increase in new listings. Buyers are showing real intent to purchase at the right price, especially with no sign of an interest rate rise on the horizon and some attractive mortgage deals on offer.”

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