The current financial situation has dominated the headlines this week, with stamp duty cuts and mortgage deals both at the centre of the discussion.

Rightmove have issued a housing market update based on their current market statistics

Some re-assuring stats

A Healthy number of sales agreed – the number of sales agreed on Tuesday was the highest number in one day since early August

Limited impact on demand so far – on Monday and Tuesday, demand from buyers (sending leads to agents and developers) was down by just 3%  compared with other Mondays and Tuesdays this month

Average September rate of fall throughs – over the last few days, Rightmove have seen fall throughs in line with what has been seen for all of September

No change to rate of price reductions – On Monday and Tuesday 1.6% of all properties were reduced. This is the same level of reductions that we saw on other Mondays and Tuesdays this month.

Mortgage products withdrawn, but there is still choice – a number of mortgage products have been withdrawn, but according to Moneyfacts there are currently over 2,600 mortgage products available in the market.

If you are considering selling your home, in times of uncertainty use an estate agent who has an understanding of selling homes in all market conditions, local knowledge and a wealth of experience. David Phillip FRICS is a chartered surveyor and has been selling homes in North and West Yorkshire for over 30 years.

Call David Phillip for a free market appraisal on 01134 676 400

David Phillip Estate Agents, 86, Leeds Road, Bramhope, Leeds, LS16 9AN w:davidphillip.co.uk

Covering Leeds, Bramhope, Adel, Pool-In-Wharfedale and Cookridge