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Aug12
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HOUSING MARKET REMAINS BOUYANT DESPITE COVID – 19

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This last week, we’ve seen a small decline in both the number of sales and properties coming onto the market across the UK. It’s only a minor drop – 2% drop of New Instructions and 4% in sales agreed. Is this because it’s now the time of year when people are embarking on their staycations and typically are not as active in the housing market. Historically we see a small drop over the summer months in sales and new properties to the market, so we can almost assume that this is the case last week.

 

Week Commencing New Instructions Weekly Change SSTC Weekly Change
02/03/2020 36212   27831  
09/03/2020 35411 -2% 27240 -2%
16/03/2020 29406 -17% 22913 -16%
23/03/2020 12607 -57% 12644 -45%
30/03/2020 5870 -53% 5442 -57%
06/04/2020 4326 -26% 3065 -44%
13/04/2020 3582 -17% 2566 -16%
20/04/2020 4746 32% 3241 26%
27/04/2020 5682 20% 3617 12%
04/05/2020 5368 -6% 3314 -8%
11/05/2020 10467 95% 5593 69%
18/05/2020 21584 106% 12523 124%
25/05/2020 23395 8% 16687 33%
01/06/2020 32360 38% 24312 46%
08/06/2020 34706 7% 26858 10%
15/06/2020 36779 6% 29304 9%
22/06/2020 39337 7% 29810 2%
29/06/2020 40243 2% 32178 8%
06/07/2020 41201 2% 33536 4%
13/07/2020 43909 7% 34821 4%
20/07/2020 46505 6% 36862 6%
27/07/2020 47066 1% 39055 6%
03/08/2020 46180 -2% 37645 -4%

 

Though we’re still seeing almost 60% more sales than in the same week last year, so the market is still very much buoyant.

 

2019
Week Commencing New Instructions SSTC  
04/03/2019 36215 24729  
11/03/2019 35270 24481  
18/03/2019 37248 24819  
25/03/2019 37746 25585  
01/04/2019 37150 25130  
08/04/2019 36656 25183  
15/04/2019 34789 22734  
22/04/2019 29535 21572  
29/04/2019 40864 26691  
06/05/2019 31683 22446  
13/05/2019 38931 27174  
20/05/2019 39832 27737  
27/05/2019 34784 23218  
03/06/2019 38442 26722  
10/06/2019 35854 26729  
17/06/2019 35523 26113  
24/06/2019 35411 25786  
01/07/2019 35107 25054  
08/07/2019 34417 24478  
15/07/2019 34089 25377  
22/07/2019 32462 24797  
29/07/2019 32471 24164  
05/08/2019 32580 23726  

 

 

Now, the rental market across the UK is slightly different in that numbers are currently declining. Though we can see that the same thing happened in the same weeks of 2019. So it looks as though the Rental market seasonality is still holding strong in 2020 at volumes very similar to those in 2019.

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