It took the average home seller 256 days to sell in 2019 – here’s where the best and worst spots were across the nation

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The latest research by leading estate agent
comparison website, GetAgent.co.uk, has
looked at the time it took to sell a home in 2019 and where was home to the
longest home selling process in the midst of Brexit induced market uncertainty.
 

GetAgent.co.uk pulls
data from all of the major portals which they then cross-reference with the
Land Registry using proprietary algorithms to create a comprehensive record of
what is selling, where, for how much and how long it’s taking.  

The latest data looks at the total average time
to sell a home throughout 2019, from the first day it was listed on the
property portals until the day it is marked sold by the Land Registry.  

The research shows that on average across the
nation, homesellers were seeing their home take 256 days to sell from first
listing it online, until the point the sale completed, climbing to 295 in the
capital.  

This average time increased throughout the
year, with it taking 250 days during the first quarter of 2019, having
increased 8.5% to 271 days by the final quarter, up 3.3% between Q3 and Q4
alone.  

The pocket of the nation that endured the
biggest market slowdown was Eden, where the average property sale took 393 days
to complete! Westminster was home to the second-longest selling time and worst
in London, taking 390 days to complete.

Ceredigion ranks as the slowest market in Wales
with the average sale dragging out for 388 days, while homeowners in Islington
(373), Camden (333), Copeland (332) and Richmond (331) also saw their sale take
longer than 330 days.  

Other areas to make the list of top 20 longest
house sales of 2019 include Gwynedd, Kensington and Chelsea, Bournemouth,
Lambeth and Malvern Hills.

But it’s not all bad news for UK homeowners and
as always, some areas of the market defied wider market conditions to enjoy
much shorter selling times.  

The best in the nation was Nuneaton and
Bedworth, where the average property took just 191 days from first listing
online to complete. Torfaen was the best performing market in Wales with homes
selling in 193 days on average, while Bromsgrove in the Midlands ranked third
at 197 days.

Other areas to see the time to sell sit below
210 days include Trafford, Bolsover, North East Lincolnshire, Stockport,
Walsall, Charnwood, Wellingborough, Mansfield, Redditch and Coventry.  

In London, Bexley (230), Barking and Dagenham
(235) and Newham (247) were home to the quickest home sales of 2019.  

Founder and CEO of GetAgent.co.uk,
Colby Short, commented:

“It’s clear that the ongoing market uncertainty
surrounding Brexit had a direct impact on selling times across the nation over
2019, increasing almost consistently throughout the year and culminating with
the longest selling times seen all year, due to a combination of pre-election
angst and a seasonal market slowdown in the final quarter of the year.

However, as always, the UK property market is a
patchwork quilt constructed of many different markets, all acting independently
with their own levels of demand and rates of house price growth. So while the
average home seller had no choice but to twiddle their thumbs for almost eight
and a half months before completing, for many, this happened much quicker.
 

Looking ahead, it’s now clear that December’s
election result has spurred an almost immediate market revival and with high
levels of activity returning on both the buyer and seller side of the fence,
growing momentum should see the time taking to sell reduce substantially over
the coming year.” 

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