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OnTheMarket releases new monthly buyer and seller sentiment index

OnTheMarket (OTM) has announced morning the release of its OnTheMarket Property Sentiment Index. The new report focuses on buyer and seller confidence and mover attitudes towards mortgage borrowing, which are captured via survey questions on the website, rather than only reporting on proprietary data, although average asking prices and time to SSTC (sold subject to contract) metrics have been included.

The sentiment insights contained in the index have been determined from consumer responses, with an average response rate of 120,000 per month over the last three months.

Jason Tebb, chief executive officer of OTM, commented: “I’m delighted to be releasing the inaugural official data series from OnTheMarket. Featuring our consumer survey which provides both highly relevant and unique insights into consumer confidence around residential property on both a UK wide and regional basis, we believe this to be the largest monthly consumer sentiment index to date in terms of buying and selling residential property in the UK.”

The July issue of the Property Sentiment Index, which will be released monthly going forwards, also includes regional commentary from Glentree International, Knight Frank, Dawsons, and Galbraith. OTM anticipates that other agents from around the regions will be included in future issues.

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