eXp UK examined the number of homes available for sale throughout England and identified the county experiencing the biggest yearly rise. This highlights where proactive agents are poised to start strong in 2024 as market conditions improve.
The research reveals that in the last quarter of 2023, the total number of homes for sale in England reached around 665,986. This showed a 5% increase from the previous year, with nearly 34,000 more homes listed across the country.
This indicates that despite the market cooling in 2023, estate agents nationwide have taken proactive steps, significantly increasing the properties available for sale ahead of what appears to be a more positive year for those looking to buy investment property.
In fact, the data indicates that the number of homes listed by estate agents increased in over 90% of English counties, with only Surrey, London, Berkshire, Durham, and Bristol seeing a decrease.
Both the East Riding of Yorkshire and Lincolnshire lead in this aspect, with both counties experiencing an 18% increase in homes listed for sale annually.
Herefordshire saw a 16% rise in homes listed for sale, while Shropshire and Northumberland experienced a 15% increase.
Other areas making the top 10 include Cornwall (+14%), Derbyshire (+14%), Devon (+13%), Staffordshire (+13%), and Rutland (+13%).