Autumn remains active time for home movers

Traditionally, the perception is that the housing market is more active spring and summer. However, Waterfords Estate Agents have discovered that sales and mortgage approval data reveals a more even spread of activity throughout the year.

In the 5 years pre-pandemic, summer (27%) and autumn (26%) recorded the highest proportion of sale completions. The lag between exchange and completion suggests peak in market activity would have been spring / summer.

Autumn (26%) and winter (22%) are certainly not sleepy times for the sales market. Mortgage approvals also suggest a very constant spread of demand.


 

Policy changes and incentives, such as the recent Stamp Duty changes, can artificially influence the seasonality of the sales of homes. It will be interested to see what happens this autumn with the property market following the mini budget in late September.

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Source: Dataloft, HMRC, Bank of England