Market Share: High Street estate agents crush online firms – The Property Chronicle
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Market Share: High Street estate agents crush online firms

The Agent

New figures released show High Street estate agents taking an increasingly large market share as online operators continue to crumble.

According to the fortnightly update from The Advisory, a consultancy that monitors housing market trends, figures for the two weeks to June 28 show that not only do High Street agents have a massive 97.2 per cent market share, but they also grew their market share over at a greater rate than the three best performing online rivals.

Other figures show:

– the top 10 online estate agents accounting for just 3.8 per cent of all new properties listed; that’s down from a market share high of 5.19 per cent in May this year;

– Purplebricks’ market share of the online estate agency sector nudged up from 69.6 per cent two weeks ago to 70.2 per cent now;

– Housesimple, which last week revealed it was going to sell homes at no cost to the vendors, lost momentum and is now tying for second place by Yopa. 

In terms of online agencies’ individual performances, in the past fortnight here are the new listings totals:

– Purplebricks: 2,618

– Housesimple 396;

– Yopa: 396;

– Doorsteps: 156;

– 99 Homes: 55;

– Open House Estate Agents: 40;

– imovehome: 36;

– sellmyhome: 35;

The Agent

About Graham Norwood

Graham is the editor of Estate Agent Today and Letting Agent Today, Graham can be found tweeting all things property @PropertyJourn

Articles by Graham Norwood

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