Zoopla reveals the fastest moving UK markets as over half of homes in England and Wales sell within two months of listing

Homes in England and Wales spend an average of 36 days on the market before a sale is agreed, according to latest data from Zoopla, one of the UK’s leading property websites. Over half (52 per cent) of sales are agreed within the first two months of a home being listed, a three per cent increase from last year (49 per cent). To complete a sale, sellers and buyers will typically need another 4-6 months, depending on the complexity of the transaction. 

Homes in the North West sell the fastest

There are significant regional variations in the time to sell, with available stock, demand and pricing all playing an important role. Homes tend to sell faster in areas with lower house prices which are more affordable to more households.  Homes in northern regions of England tend to sell faster than homes in southern regions, where prices are higher.

Homes in the North West and North East regions of England take on average 32 days to sell and account for six of the top ten fastest moving markets in England and Wales (Manchester, Carlisle, Stockport Gateshead, Newcastle upon Tyne and Halton).  

However, Waltham Forest in North East London tops the list this year when it comes to the fastest moving markets in England and Wales, sitting at an average of 19 days. The London borough is accessible and enjoys good schools, low burglary and crime rates, and a large number of green areas, making it a popular location for families looking to stay within commuting distance of central London. 

Table 1: Fastest moving markets in England and Wales

Source: Zoopla Research

Days on the market for homes listed for sale in the previous 3 months

* Sold subject to contract median asking price