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Homes Are Moving Faster Since Lockdown

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Sat 19 Sep 2020

Homes Are Moving Faster Since Lockdown

Today's bitesize property stats:

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.

* Source: Dataloft, Zoopla

For an informal chat about local market conditions in and around Chelsfield, please call us today:  Langford Rae Property Agents in Chelsfield - 01689862770.