Adam Oldfield, chief revenue officer at Phoebus, says:

“Although no-one will be surprised by the dip in residential transactions in December, that dip is really quite small and the current number is still above pre-pandemic levels.  This is an encouraging sign that, despite the knock in confidence in September, the housing market continues to move along.  Although at a slower pace.”

“As predictions abound for 2023, and with conflicting reports regarding the number of buyers registering interest this month, it is perhaps inevitable that some of those predictions err on the negative side.

“Nonetheless, there are signs that confidence is returning and, while fuel prices continue to fall and inflation steadies, might we see a traditional post-Christmas pick up in transactions in the first quarter?”