How long does it take to sell a home in the UK?
According to the latest figures, there’s a big difference depending on where you are in the UK.
In Scotland, homes are flying off the market in just 49 days on average. The North East is next quickest at 64 days, followed by the North West (73), West Midlands (75), and Yorkshire & Humber (76).
Then come East Anglia at 78 days and Northern Ireland at 79. Properties in the East Midlands, South West and South East are all taking an average of 81 days to go under offer. London lags behind at 86 days, while Wales currently holds the slowest average at 88 days.
These aren’t completion times, just how long it takes to go sale agreed. And in today’s market, speed matters. A long time on the market can lead to price reductions, lost momentum and uncertainty.
Sellers should ask themselves: Is my property priced to sell, or priced to sit?
