The likelihood of homeowners completing on a property sale in the last three months of the year is greater than any other quarter, according to research by online estate agent Housesimple.
An analysis of Land Registry home sale completion figures by Housesimple over the past five years has revealed October to be the best month for completions, with an average of 81,974 home sales tied up.
It added that this peak “stands strong” in November and December too, with respective average sale completions of 79,266 and 79,873 in the final two months of the year.
Another time of year which is often believed to be a “gentler” period for home sales is July and August, often regarded as a ‘summer slowdown’. However, Housesimple’s analysis revealed that Q3 is in fact the second-best quarter for total number of home completions.
Sale completion data analysed by Housesimple also revealed that, in general, less home sales complete in January (58,432), February (61,184) and April (60,236). A spring bounce is regularly seen in March, where the average number of homes sales completing jumps to 79,876.
Sam Mitchell, CEO at Housesimple, said: “There is no denying that timing plays a key role in selling a home and an uplift towards the end of the year is a clear sign of people looking to complete on their property before Christmas comes and a New Year begins.
“Expect to see a sudden rush in social media posts over the next couple of weeks as lots of people share photos of their new homes and the ‘key in front of the door’ shot, moving in with just enough time to get the decorations up for Christmas.”