Properties fly off the shelves
In this quick read article, we look at how quickly newly listed properties are currently selling
- Newly listed properties are flying off the shelves. The majority (78%) of agents in the latest Dataloft subscriber poll said that homes, once listed, are selling in less than 28 days.
- 22% of agents state the majority of homes are selling in less than a week, Zoopla reporting the number of homes selling within the first week of marketing is currently at its highest ever level.
- At 45 days, the average time taken to sell a property across the UK in April is a record low (Rightmove) and is 16 days quicker than the April average of 62 days (2015–2019).
- Properties are currently selling quickest across Yorkshire and the Humber and North West, areas where property price growth is currently exceeding the national average. Homes in London are taking the longest, an average of 57 days.
- Source: Dataloft Inform poll of agents, refers to time taken from property listing to under offer.