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Autumn Housing Market Boost For Home Sellers

Financial Times Companies •
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The UK housing market remains stuck in its traditional summer slump, with July seeing a 9 per cent drop in buyer activity year-on-year despite high stock levels. Heatwaves and the World Cup have further dampened viewings, but early September data shows a 7 per cent rise in buyer searches. Historically, spring is the peak season for purchases, with homes spending the least time on market between April and June.

Understanding seasonal trends gives buyers and sellers a strategic edge in negotiations. Most housing statistics are seasonally adjusted, allowing for fair month-on-month comparisons. For example, January's mortgage approvals appear higher after adjustment, while annual trends remain stable.

Seasonal patterns also influence completion dates, with many aiming to move before Christmas. By autumn, sellers often adjust price expectations as the market slows, making it a key period for realistic valuations.