Many industry analysts have dismissed a claim by an online estate agency that a 21 per cent fall in new listings on Rightmove is anything more than an end-of-year slowdown.
HouseSimple yesterday said the fall in the portal’s new listings by a fifth over the course of November - and in some individual locations by more than 40 per cent - represented more than a seasonal drop.
Alex Gosling, the agency’e chief executive, described the fall as “too dramatic to be simply attributed to seasonality factors alone.”
However, on Twitter Neal Hudson, associate director of residential research at Savills, said: “Sounds seasonal to me but no way of knowing without at least a couple of years data.”
The market commentator and buying agent Henry Pryor said: “I'm reaching for the salt. I suspect that this may require more than a pinch.”
Meanwhile Adam Day of Hatched - the online agency recently acquired by Connells - said the 21 per cent fall spotted by HouseSimple was in line with a long-term trend. “Our own figures over the last 10 years show November being between 15 per cent and 25 per cent down on October.”