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Connells Group see busiest Q2 for instructions in 6 years

Despite the backdrop of the general election, Connells Group’s latest figures show the market is full of positivity.

Key Highlights from Q2 2024:

  • New Instructions: There was a 14% increase in new instructions vs Q2 2023.
  • Viewing Activity: Viewing activity saw an 11% increase vs Q2 2023.
  • Sales Agreed: Sales agreed rose by 13% vs Q2 2023.

Year on year, the Group has seen a 15% increase in market appraisals, leaving the second quarter as the best performing for 6 years.

This activity led to a 14% rise in new instructions compared to the same period.

The Group said that although Q2 encompassed two holiday periods and the lead up to the general election, both of which had the potential to disrupt activity, the market performed well.

Ian Fry, Connells Group Chief Executive (Estate Agency), commented,

“The spring market has continued to demonstrate remarkable growth despite external factors, and looking forward Q3 should see continued momentum. The appetite from sellers shows they’ve remained happy to commit to a move.”

Buyer activity also increased in the second quarter. Levels of viewings were up 11% year on year, and sales agreed were up 13% over the same period.

“Healthy activity from buyers has been further encouraged by new instructions. Moving forward, good supply and the anticipation of an interest rate reduction sets a promising tone for the remainder of the year and for the market to hit good overall transaction levels in 2025.” Fry added.


Read our Connells Group Market Report - Quarter Two 2024 here.

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