Despite the fact that UK inflation has hit a fourty year high of 9%, agents across the UK are still seeing demand for properties outstripping supply, with new instructions largely flat during May, according to a recent RICS survey in June 2022.
The RICS survey also suggests there is little prospect of more homes coming onto the market in the immediate future.
Further research from TwentyEA shows that stock over the last five years has reduced by 46%, with stock available at any point during May 2022 sitting at 114,466, while stock available at any point in May 2017 was 210,934.
To help agents differentiate themselves from competitors, TwentyEA has developed Spotlight, which analyses agents’ performance in their local area across a range of metrics, including the average sale price they achieve compared with the asking price; the average time it takes them to sell a property; and how their performance compares to that of their closest competitors.
Spotlight offers agents unlimited fully white labelled reports, providing independent verification of key performance metrics, an invaluable resource in the hands of high perfoming branches.
Katy Billany, executive director of TwentyEA, said: “With such a tight market, agents need all the help they can get to win new instructions.
“We have developed the TwentyEA Spotlight report to help agents to build priceless relationships with potential vendors proving they are the best agent to sell their home. The independent data highlights an agent’s strengths and enables them to directly compare their performance with competitors.”
