Are Stock Levels Stabilising

Although still significantly below average, there are signs that stock levels may be beginning to improve. The NAEA Propertymark reported a slight increase in number of properties listed per agent in July compared to June. They report that there are now 28 properties currently available per branch, 15 fewer than in July 2020 but 5 more than a month ago. This means that there are now 15 buyers for every property listed, down from 19 in June. Meanwhile, Rightmove report that the top ten places with the greatest supply shortage are all in the South East and East of England with particular hotspots in Newmarket, Berkhamsted and Bushey.