Housing market set to remain steady throughout autumn...

Estate agent comparison site, GetAgent.co.uk, suggests that the property market will remain steady throughout the autumn.

An analysis of property market data over the last 10 years was conducted to reveal these findings. Sales volumes and the average sold price across each season of the year were primarily focused on.

Sales volumes patterns

According to the research, the best time to sell is during the summer time. Over the last 10 years, house sales between June to August have reached just under 2.7 million, averaging 266,820 sales per year.

The autumn months of September, October, and November have a total of 2.65 million homes selling over the last 10 years, averaging autumn 265,198 sales per year.

Sales volumes during autumn and spring are miles above winter and spring, where an average of 223,897 and 229,474 respective sales take place yearly.

Sold price data

When it comes to achieving the highest price for a home., the research by GetAgent shows that autumn and winter are the best seasons to do so.

Over the last 10 years, sold prices have averaged £215,574 during autumn and hit £216,541 throughout winter. The sold price data shows that those selling in spring have secured £207,761 on average while summer sellers achieved £213,196 on average.

Co-founder and chief executive officer of GetAgent.co.uk, Colby Short, commented: “We’ve enjoyed a prolonged period of unprecedented property market boom since the start of the pandemic and there are now fears that this stellar rate of house price growth could start to subside, due to the current economic landscape and the growing cost of living crisis.”

“However, this is yet to materialise and the latest indicators show that the market has continued to perform with resilience, with house prices climbing ever higher.”

“For those worried about entering the market at present in case they can’t secure a buyer or their required asking price, the historic data shows that this trend is only likely to continue throughout the remainder of the year, with transactions likely to spike this autumn, while house prices should keep on climbing right through until Christmas.”