While the market may have started to slow where house price growth is concerned, the time it’s taking to sell a home across England and Wales has fallen by an average of 44 days.
This is according to the latest data from estate agent comparison site, GetAgent.co.uk.
It shows that over the last 12 months across England and Wales, it has taken an average of 250 days to sell a home. That’s 44 days quicker than the average of 294 days seen in the previous 12 months.
In terms of the quickest areas of the market, the SW 1Y postcode of Westminster is currently home to the shortest time frame to sell a home, averaging just 79 days over the last year.
Northumberland’s TD15 postcode also ranks high, with the average home taking just 92 days to sell, with SY15 in Powys (117), LA17 in South Lakeland (121) and SA34 in Carmarthenshire (125) also ranking in the top five.
The W1D postcode in the London Borough of Westminster has seen the average time it’s taking to sell a home fall to 232 days over the last 12 months.
Westminster’s W1W postcode; South Lakeland’s LA17, the LL63 postcode in Anglesey and the SY15 postcode of Powys have also seen some of the largest