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Hybrid and online only agents (for example Purplebricks) have seen a downturn in the market share this July compared to last July. What has caused this impact do you think? I, like many others, would have assumed that given the boom in sales and the situation with covid would lead to online only becoming more popular. I read about this on an estate agent's blog which details the advertising behind online only agents but I would love to know some reasons why this may have happened - please feel free to speak in layman's terms, I'm somewhat new to this!
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This clearly illustrates how stock levels have fallen. Here is a graph of houses for sale on Rightmove from 3 estate agents in my area, it runs from July 2014 to the current day. The estate agents are Taylors, Connells and Derek Spires in Bearwood. Taylors started off as Taylors but it morphed into Humberstones quite a while back. I've shared the raw numbers too, should someone find this interesting. estate.txt estate.txt
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http://www.westdraytonwaterside.co.uk/ The homes are going under the hammer, and the EA is looking for buyers in the Middle East and Asia (but FTB in the UK are welcome to bid against foreign Sovereign Wealth Funds and Pension Funds). It should be interesting, although how the EA is going to know if a bidder has the cash is beyond me.