Manchester property sales are now three times faster than London

Northampton, Coventry and Manchester are the locations where homes are selling quickest, according to our analysis tracking the speed of the property market. The three towns lie in postcode areas where sales are typically agreed in less than 36 days – three times faster than some parts of London.

The top ten fastest and slowest locations for property sales

The research is based on searches conducted during December 2017 using the EstateAgent4ME tool here on the HomeOwners Alliance website. The analysis looked at how long thousands of houses and flats were listed on a property website before being marked as “under offer”.

Seven of the 10 postcode areas where homes are changing hands most quickly are in the Midlands. These hotspots include Birmingham, Milton Keynes, Wolverhampton, Luton and Stevenage.

The analysis provides further evidence of a slowdown in the London property market, with four of the 10 postcodes areas with the slowest sales either in or close to the capital. Three others in this slower group are in the North East: Durham, Middlesbrough and Sunderland.

Properties around West London are on average taking almost 108 days to go under offer – slower than any other postcode area.

Paula Higgins, Chief Executive of the HomeOwners Alliance, said:

“Knowing how long a sale can take is vital intelligence for anyone trying to sell their home. Our EA4ME tool gives homeowners a greater understanding of their local market and provides new insights into the state of the national picture. On a practical level, if selling your home fast is a priority, it means you can find, compare and rank your local estate agents according to ow quickly they sell a house like yours.

“Speed of sale isn’t the be all and end all – but it can mean all the difference between snapping up or missing out on the home of your dreams. Our free website lets anyone selling their home see which estate agents in their local area have the best track records for selling homes most quickly as well as closest to the initial asking price, alongside other important pieces of information to help you make an informed decision.”

Fastest 10 postcode areas

Rank Postcode area Postcode Average days to sell a property
1 Northampton NN 30.6
2 Coventry CV 31.3
3 Manchester M 36
4 Swindon SN 36.4
5 Birmingham B 36.7
6 Bristol BS 37.8
7 Milton Keynes MK 39.3
8 Wolverhampton WV 40.6
9 Luton LU 40.8
10 Stevenage SG 41.2

Slowest 10 postcode areas

Rank Postcode area Postcode Average days to sell a property
1 London West W 107.9
2 Llandudno LL 99.2
3 London North West NW 87.4
4 Durham DH 85.3
5= Twickenham TW 84.9
5= Blackburn BB 84.9
7. Middlesbrough TS 83.7
8= London South West SW 81.5
8= Blackpool FY 81.5
10. Sunderland SR 81.1

Postcode areas with fewer than 50 searches have been excluded from these tables.


Kindly shared by Home Owners Alliance