Housing market indicators cool off: Yomdel | Mortgage Strategy

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New buyer enquiries within the housing market dipped by 5.6 per cent across the week ending 13 September, according to Yomdel.

While still 49 per cent above the 62-week pre-covid average, it marks a trend seen in the short term across all metrics last week: new vendor enquiries dropped 6.15 per cent on the week, new landlord enquiries 3.37 per cent, and new tenant enquiries 1.29 per cent.

As with new buyer enquiries, however, all the above indicators were still above their average – by 68 per cent, 24 per cent, and 34 per cent.

Yomdel adds that traffic to estate agent websites were 34 per cent above the 62-week average, showing a change in market participant’s behaviour.

Founder and chief executive Andy Soloman says: “It’s all relative, and while recent weeks do show a steady slowdown in volumes of new enquiries, the market is still incredibly buoyant. We seem to be having a bit of an Indian Summer and the warm rays of sunshine are keeping the immediate outlook bright.

“But be warned, coronavirus is very much a lurking danger, new government restrictions are being applied and once again the general economic outlook is extremely uncertain as we get closer to an increasingly likely no-deal Brexit.”


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