Best places to sell a property
Location | Typical time on market September 2024 |
Glasgow | 33 days |
Leith | 37 days |
Belfast | 47 days |
Edinburgh | 51 days |
Rainham | 56.5 days |
Basingstoke | 61 days |
Crawley | 62 days |
Brixton | 63.5 days |
Cambridge | 65 days |
Plymouth | 65 days |
Bristol | 65 days |
Harlow | 65 days |
Sale | 66 days |
Gloucester | 67 days |
Maidstone | 67 days |
Chingford | 67 days |
Horsham | 67 days |
Burnley | 68 days |
Northampton | 68 days |
Stockport | 69 days |
Worst places to sell a property
Location | Typical time on market September 2024 |
Mayfair | 205 days |
Soho | 192 days |
Marylebone | 191 days |
Charing Cross | 177 days |
Knightsbridge | 176 days |
Birkenhead | 172 days |
Strand | 166 days |
Bloomsbury | 164 days |
Regents Park | 163 days |
Belgravia | 163 days |
Westminster | 159 days |
Holborn | 157 days |
Vauxhall | 156 days |
Broadgate | 156 days |
St Lukes | 152 days |
West Ealing | 152 days |
Paddington | 149 days |
Shoreditch | 149 days |
South Kensington | 146 days |
Fenchurch Street | 146 days |
Danny Luke, Quick Move Now’s managing director, says: “This data clearly shows a property market of two halves. Nationally, typical time on market has increased year-on-year from 84 days to 93 days. Yet, in 18 of the 20 best locations to sell a property, typical time on market has fallen.
“Several areas of Scotland are performing particularly well, with Glasgow, Leith and Edinburgh featuring in the top four places to sell a property. All three areas have also seen typical time on market fall compared to this time last year.”
Unsold
“London boroughs once again make up most of the worst places to sell list, with just Birkenhead outside the capital. However, it is worth noting that 12 of the London locations on the list now have lower typical time on market than they did a year ago.
“Data suggests there are currently nearly half a million unsold properties in England and Wales – the highest level since November 2014. This availability of stock is creating a downward pressure on pricing and longer time on market, but in the pockets where there is high demand, we are seeing both stronger pricing and quicker sales.
“In terms of the future, lower interest rates are instilling more confidence, but this market of two halves does leave things quite vulnerable to any further external forces. Pricing will be key to achieving a quick sale, especially as we move into the typically quieter autumn period.”
Best places to sell year-on-year comparison
Location | Typical time on market September 2024 | Typical time on market September 2023 | Year-on-year difference |
Glasgow | 33 days | 36 days | -3 days |
Leith | 37 days | 47 days | -10 days |
Belfast | 47 days | 57 days | -10 days |
Edinburgh | 51 days | 53 days | -2 days |
Rainham | 56.5 days | 63 days | -6.5 days |
Basingstoke | 61 days | 67.5 days | -6.5 days |
Crawley | 62 days | 61 days | +1 day |
Brixton | 63.5 days | 80 days | -16.5 days |
Cambridge | 65 days | 66 days | -1 day |
Plymouth | 65 days | 68 days | -3 days |
Bristol | 65 days | 58 days | +7 days |
Harlow | 65 days | 70 days | -5 days |
Sale | 66 days | 67 days | -1 day |
Gloucester | 67 days | 74 days | -7 days |
Maidstone | 67 days | 75 days | -8 days |
Chingford | 67 days | 80 days | -13 days |
Horsham | 67 days | 80 days | -13 days |
Burnley | 68 days | 86 days | -18 days |
Northampton | 68 days | 75 days | -7 days |
Stockport | 69 days | 74 days | -5 days |
Worst places to sell year-on-year comparison
Location | Typical time on market September 2024 | Typical time on market September 2023 | Year-on-year difference |
Mayfair | 205 days | 209.5 days | -4.5 days |
Soho | 192 days | 210 days | -18 days |
Marylebone | 191 days | 199 days | -8 days |
Charing Cross | 177 days | 173 days | +4 days |
Knightsbridge | 176 days | 167 days | +9 days |
Birkenhead | 172 days | 115 days | +57 days |
Strand | 166 days | 167 days | -1 days |
Bloomsbury | 164 days | 173 days | -9 days |
Regents Park | 163 days | 194 days | -31 days |
Belgravia | 163 days | 159 days | +4 days |
Westminster | 159 days | 154 days | + 5 days |
Holborn | 157 days | 152 days | + 5 days |
Vauxhall | 156 days | 166.5 days | -10.5 days |
Broadgate | 156 days | 170 days | -14 days |
St Lukes | 152 days | 154 days | -2 days |
West Ealing | 152 days | 63 days | +89 days |
Paddington | 149 days | 148 days | +1 day |
Shoreditch | 149 days | 163 days | -14 days |
South Kensington | 146 days | 150.5 days | -4.5 days |
Fenchurch Street | 146 days | 163.5 days | -17.5 days |
House prices have risen slightly so far this year, but hopes of a significant market uplift have been delayed by stubbornly high mortgage rates.
The latest data from the Land Registry shows an annual rise of 2.2%, with the average UK house price standing at £290,000 in July.
According to Which?, there was a marked drop-off in housing transactions last year, but there are now signs the market is picking up. The most recent data from HMRC shows that an estimated 90,210 transactions went through in August, up 5% on 2023’s figure.
See also: How Switchee Makes Homes Smarter