A new housing market tracker has been launched which looks at how long homes are taking to sell.
Crucially, it only looks at properties that actually do sell and its first tracker only looks at properties that sold in the space of a year – from June 2018 to this month.
On average, quick sale business Property Solvers found that the average home took 16.74 weeks to sell – ie, from initial listing on Rightmove to ‘sold’ status at the Land Registry.
The slowest housing markets included Hemel Hemstead where 790 properties were tracked, taking an average of 19 weeks between listing and completion.
The fastest housing markets were in central London, where transactions took ten weeks.
The full data, regionally split, is here: