Homes Are Moving 31% Faster Since Lockdown

Posted on: 21 September 2020

Homes are moving 31% faster since lockdown

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. Time to sell varies by property type, at present, 3-bed 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.

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