England’s Slowest and Fastest Home Sale Markets

Latest data shows house sale transactions are taking an average of 109.02 days to complete across England & Wales over the last year.

Some of the quickest areas to sell a property at the moment include Bath, Frome and Warminster.

Professional house buying firm Property Solvers’ speed of sale tool has revealed that it’s taking an average of 15.57 weeks to sell a property across England.

Updated monthly, the latest dataset analysed 23,499 property sales across the region between April 2020 and April 2021.

The statistics track the moment a property is listed on the UK’s largest property portal Rightmove to the point it’s marked as officially ‘sold’ at the HM Land Registry.

As shown in the table below, properties were selling the fastest in Bath (BA1), Frome (BA11) and Warminster (BA12) adopting a minimum number of 35 property sales in a given area.  In the top 10 areas, Property Solvers revealed that homes took 113.60 days (16.23 weeks) to sell on average.

England’s Fastest Areas to Sell a Property (April 2020 to April 2021)

Area

Postcode

Average No. of Days to Sell

No. of Properties

Bath

BA1

107

50

Frome

BA11

124

65

Warminster

BA12

95

53

Trowbridge

BA14

119

98

Street

BA16

111

40

Bath

BA2

113

95

Yeovil

BA21

117

66

Radstock

BA3

121

54

Wells

BA5

120

35

Birmingham

B13

109

35

Homes were selling the slowest in the Towcester (NN12), Peacehaven (BN10) and Macclesfield (SK11) postcodes (also sampling a minimum data set of 35 property sales).  In the bottom 10 postcodes, the data showed that properties were taking 131.80 days (18.83 weeks) to sell on average.

England & Wales’s Slowest Areas to Sell a Property (April 2020 to April 2021)

Area

Postcode

Average No. of Days to Sell

No. of Properties

Towcester

NN12

139

40

Peacehaven

BN10

134

36

Macclesfield

SK11

134

44

Harwich

CO12

133

38

Andover

SP10

131

61

Ely

CB6

130

88

Nottingham

NG2

130

66

Birmingham

B30

129

52

Poole

BH16

129

40

Reading

RG5

129

58

Property Solvers co-founder, Ruban Selvanayagam commented: “Despite the broad level of inactivity under the first COVID-19 lockdown, the estate agency industry has recovered relatively quickly.”

“Whilst buyer demand certainly hasn’t waned as many predicted, the time for house transactions to complete has certainly lengthened.”

“Many solicitors, mortgage brokers and other professionals in our sector have been working from home which has often resulted in further administrative and other operational delays.  However, with restrictions gradually being lifted, and more people returning to office, the property buying and selling process should hopefully accelerate,” he continued.

Nonetheless, Selvanayagam concluded, many of the processes remain slow and archaic – “an issue that’s likely to continue post-pandemic.”