We track the speed of property sales in the UK - the time it takes from a property being listed for sale to being sold subject to contract.
So, are houses still selling fast? No, not compared to the last three years - our latest analysis shows that UK property is selling in 34 days on average.
This is 12 days slower than the average speed of sales between 2020 and 2022. However, it mirrors pre-pandemic trends for early autumn.
More challenging market conditions and higher mortgage rates mean it generally takes longer to sell a home now than in the last three years.
The fastest regional housing markets are the North East and the North West, where the average property is snapped up in 30 days. This is quicker than the pre-pandemic time to sell for these areas.
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