At 55 days, the average time taken to sell a property (from listing to sold subject to contract) is nearly two weeks faster than the last so-called ‘normal’ market of 2019 (67 days).
Rightmove report the number of sales agreed in March 2023 is just 1% lower than in March 2019, while buyer demand is 8% stronger.
Smaller properties of two bedrooms or less are proving the most sought after at present. Sales agreed in this sector are up 4%, and demand is 11% higher than in 2019.
Besides Scotland, properties are currently selling more quickly than the national average in the North East, West Midlands, Yorkshire and the Humber, and the South West. Source: Dataloft, Rightmove, based on month of March.