Homes Are Moving 31% Faster Since Lock-Down

Posted by Willmotts Chartered Surveyors on 16th September 2020 -

The time to sell a home has fallen by more than a quarter in the UK. No surprise considering buyer demand, since the start of the year, is +34% higher than over the same period in 2019.

The number of days between first marketing a home to receiving an offer is on average, since lockdown was lifted, 27 days. This is -31% lower than the same time period in 2019.

The duration of time selling varies by property type, at present, 3 bedroom houses sell the fastest, 24 days. 1-bed flats take the longest to sell, 34 days.

Time to sell has decreased as a result of available supply falling short of buyer demand. 4 and 5 bed houses are now selling 16 days faster, the biggest decrease seen.

Are you trying to find a new place to live, call Willmotts for property advice or information with selling and or buying a home please email [email protected] or call 020 8222 9958