Viewings always drop off once the schools break up. Here's why the summer lull is normal, what it means if you're selling in Bradford, and how to use the quiet weeks well.
Every year around this time I get the same call. A seller a few weeks into their listing, worried because the diary's gone quiet and the phone isn't ringing the way it did in April. My answer is nearly always the same too: it's the school holidays, and it happens every single summer.
It's simple, really. Families are the backbone of house-buying in Clayton, Wibsey and Queensbury, and when the schools break up, life changes for six weeks. Parents are away on holiday, or they're juggling childcare and days out, and the last thing they fancy is dragging two overtired kids round three viewings on a Saturday morning.
Money's tighter over the summer as well, with holidays and days out to pay for. So even the people who are still looking tend to slow down a little. None of this means the market's fallen off a cliff. It means buyers have pressed pause, and most of them press play again in September.
I've seen it enough times now to know the rhythm. Things go quiet in late July, stay steady through August, then there's a proper lift once the new term starts and everyone's back into a routine.
It's worth putting the local picture in context, because there's a bit of a national dip going on too. The latest Rightmove figures show the average asking price fell 0.6% this month, which they reckon is the biggest June drop in fourteen years, with sellers pricing keenly to tempt summer buyers.
Closer to home, Yorkshire and the Humber is actually holding up better than a lot of the country. Prices in our region are up 0.1% on a year ago, while every southern England region has seen falls. The same figures put the average time to find a buyer here at 62 days, so a bit of patience over the summer is completely normal.
There's a little bit of good news for buyers too. The average two-year fixed mortgage rate has edged down to 5.07%, which Rightmove says has trimmed around £30 off the typical monthly payment. Small, but it all helps confidence.
Not necessarily. There's a myth that you shouldn't bother listing over the holidays, and I don't buy it. The buyers who are active in August tend to be the serious ones. They're not filling a rainy afternoon with a nosy viewing, they're people who genuinely need to move.
There's also less competition on the market. Plenty of sellers hold off until autumn, so a well-priced, well-presented home can stand out more in August than it would in the September rush. If your house is priced right for what's actually selling, it'll find its buyer whatever the month.
The homes that sit are usually the ones priced for the market we had a couple of years ago rather than the one in front of us. That's the honest bit sellers don't always want to hear, but it matters more than the time of year.
If you're already on the market and things have gone still, use the time. Get the photos looking their best now the garden's in full swing, tidy the kerb appeal, and make sure the listing still reads well. A quiet fortnight is a good chance to reset rather than panic.
And if you're thinking about listing, there's no harm in getting your ducks in a row over the summer so you're ready to move the moment September arrives.
If you'd like a straight, no-pressure valuation and an honest view on where your home sits in the current Bradford market, give me a ring. Happy to have a proper chat, holidays or not.
Thinking of moving? Get a free, no-obligation valuation at valuation.michaelbrownsett.exp.uk.com or call me directly on 01274 955 559.
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