{"id":291,"date":"2015-05-30T15:27:05","date_gmt":"2015-05-30T15:27:05","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/how-long-does-it-take-to-sell-a-home-in-the-uk\/"},"modified":"2018-02-21T11:13:56","modified_gmt":"2018-02-21T11:13:56","slug":"how-long-does-it-take-to-sell-a-home-in-the-uk","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/how-long-does-it-take-to-sell-a-home-in-the-uk\/","title":{"rendered":"How Long Does It Take To Sell a Home in the UK?"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<p><!-- [if gte mso 9]><xml>  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<\/w:LatentStyles> <\/xml><![endif]--> <!-- [if gte mso 10]>\n\n\n\n<style>  \/* Style Definitions *\/ table.MsoNormalTable \t{mso-style-name:\"Table Normal\"; \tmso-tstyle-rowband-size:0; \tmso-tstyle-colband-size:0; \tmso-style-noshow:yes; \tmso-style-priority:99; \tmso-style-parent:\"\"; \tmso-padding-alt:0cm 5.4pt 0cm 5.4pt; \tmso-para-margin:0cm; \tmso-para-margin-bottom:.0001pt; \tmso-pagination:widow-orphan; \tfont-size:12.0pt; \tfont-family:Cambria; \tmso-ascii-font-family:Cambria; \tmso-ascii-theme-font:minor-latin; \tmso-hansi-font-family:Cambria; \tmso-hansi-theme-font:minor-latin; \tmso-ansi-language:EN-US;} <\/style>\n\n <![endif]--> <!--StartFragment--><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><img src=\"http:\/\/img.timeinc.net\/time\/2007\/eating\/makes_eat\/makes_eat_time.jpg\" alt=\"\" align=\"none\" \/><span size=\"2\" style=\"font-size: small;\"><br \/>\n<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><span size=\"2\" style=\"font-size: small;\">\u00a0<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><span size=\"2\" style=\"font-size: small;\">One of the biggest 8-5f1b<\/span>-ccd3-4921-a8295120c1d7&#8243; class=&#8221;textannotation&#8221;&gt;pan id=&#8221;urn:enhancement-90f0162c-a45a-62ef-04<\/span>68-cbe792a12368&#8243; class=&#8221;textannotation&#8221;&gt;0-c6a7-07fc-92b8789a5774&#8243; class=&#8221;textannotation&#8221;&gt;questions that our home sellers ask is \u201chow long will to sell my property\u201d . The question has so many variables attached to it includ<a class=\"wl-entity-page-link\" title=\"housing market\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/real-estate-economics\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/real_estate_economics;http:\/\/rdf.freebase.com\/ns\/m.04t2q1;http:\/\/dbpedia.org\/resource\/Real_estate_economics\" >ing location p<\/a>ricing and the st<a class=\"wl-entity-page-link\" title=\"Property\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/property\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/property;http:\/\/rdf.freebase.com\/ns\/m.05wrt;http:\/\/dbpedia.org\/resource\/Property\" >ate of t<\/a>he local housing market.\u00a0 However <a href=\"http:\/\/Home.co.uk\">Home.co.uk<\/a> have come to some hard facts based on its own data.<\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: small;\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-siz&lt;span id=\" urn:enhancement-334a0e23-07bd-43a7-61ce-9770d5298403=\"\" class=\"&quot;textann&lt;\/span\" span=\"\" id=\"urn:enhancement-6f8e3c6e-2b35-9d99-3645-ac19e14e50f4\">otatio<span id=\" urn:enhancement-4e4caa43-1d6e-8644-b703-054a100decdc\">n&#8221;&gt;=&#8221;te<\/span>xtannotat&lt;\/span&gt;ion&#8221;&gt;e: small;&#8221;&gt;The fact is that the typical Time on Market for England and Wales (90 days) for unsold property is now the shortest <a class=\"wl-entity-page-link\" title=\"Market (economics)\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/market-economics\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/market_economics;http:\/\/dbpedia.org\/resource\/Market_(economics)\" >it has <\/a>been since April 2008. In fact, one could argue that this figure is consistent with &#8216;normal&#8217; market conditions.<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: small;\"><br \/>\npan&gt;<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: small;\">However, 90 days is simply the median figure acros<span id=\"urn:enhancement-47fb09cd-41c3-d5f6-c326-f3f51e51c047\" class=\"tex&lt;span id=\" urn:enhancement-975e9277-f9d5-71f7-9481-0fed252eed95=\"\">tannotation&#8221;&gt;s both ovpan&gt;<\/span><span id=\"urn:enhancement-474696d9-56f8-d4ae-9ad7-2081e01d773e\" class=\"textan&lt;\/span&gt;notation disambiguated wl-thing\" span=\"\" itemid=\"http:\/\/data.wordlift.io\/wl0502\/entity\/market_economics\">=&#8221;textannotation&#8221;&gt;erheat<\/span>ing a<a class=\"wl-entity-page-link\" title=\"London\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/london\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/london;http:\/\/sws.geonames.org\/2643743\/;http:\/\/rdf.freebase.com\/ns\/m.04jpl;http:\/\/yago-knowledge.org\/resource\/London;http:\/\/dbpedia.org\/resource\/London\" >nd coo<\/a>ler regional markets. Britain&#8217;s property market still remains bipolar, and this is especially true from the perspective of marketing times. Looking at the same metric across the regions shows a very diverse property market.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><span size=\"2\" style=\"font-size: small;\">\u00a0<\/span><\/span><\/p>\n<p class=\"MsoNormal\">-style=&#8221;font-size: small;&#8221;&gt;Doug Shephard, director at Home.co.uk, commented:<\/p>\n<p id=\"urn:enhancement-6bdc1391-00f9-d9b3-f2e0-15976a63e39e\" class=\"&lt;span disambiguated wl-place\">&#8220;MsoNormal&#8221;&gt;<span lang=\"EN-US\"><span size=\"2\" style=\"font-size: small;\"><br \/>\n<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><span size=\"2\" dat=\"\" span=\"\">a-mce-style=&#8221;font-size: small;&#8221; style=&#8221;font-size: small;&#8221;&gt;\u00a0<\/span><\/span>le=&#8221;font-size: small;&#8221; data-mce-style=&#8221;font-size: small;&#8221;&gt;\u00a0&#8220;font-s&lt;sp&lt; span=&#8221;&#8221;&gt;an id=&#8221;urn:enhancement-621539d5-eb02-6922-&lt;\/sp&lt;&gt;b256-49c21d14553d&#8221; class=&#8221;textannotation&#8221;&gt;ize: small;&#8221; data-mce-style=&#8221;font-size: small;&#8221;&gt;\u201cThe UK property market remains highly diverse in respect of marketing times. London seems a world away from the difficult a<span id=\"urn:enhancement-e3529021-cb7&lt;span id=\" urn:enhancement-8445b776-a1ad-182d-206=\"\" span=\"\">5-75131275e6c6&#8243; class=&#8221;textannotation&#8221;&gt;5-3d8e-3194-3cd517d5524e&#8221; class=&#8221;textannotation&#8221;&gt;nd sl<\/span>ow markets in the North. The sub-inflation price rises observed in Yorkshire, the North West, Scotland, Wales and the North East correlate well <span id=\"urn:enhancement-e6992776-ef6f-3cc2-e7e8-5378f3f31071\" class=\"&lt;span id=\" urn:enhancement-e6b6662c-2906-5767-b54c-e8f193b9e0ab=\"\">te<span id=\"\" span=\"\">=&#8221;urn:enhancement-f8f06482-737f-89cc-56dc-4593b38a1e88&#8243; class=&#8221;textannotation&#8221;&gt;xtannotation&#8221;&gt;with the long <\/span>marketing times shown above and indicates that, contrary to the rest of the<\/span> country, supply is broadly in balance with demand in these regions.<\/p>\n<p class=\"MsoNormal\">\n<p>&lt;<span id=\"urn:enhancement-c76db027-3385-1871-c625-987d2e80299a\" class=\"&lt;\/span&gt;textannotation\">p class=&#8221;MsoNormal&#8221;&gt;<span lang=\"EN-US\"><span size=\"\" span=\"\" id=\"urn:enhancement-2&lt;\/span&gt;ec25fa0-c37c-39d2-489c-9e32f54c60a2\" class=\"textannotation\">=&#8221;2&#8243; data-mce-style=&#8221;font-size: small;&#8221; style=&#8221;font-size: small;&#8221;&gt;At one extreme, Greater London indicates an ultra-low marketing time of 48 days, which is equivalent to the on-mark<span id=\"urn:enhancement-8af04d40-eb7d-947c-57d9-a8cd956d564a\" class=\"textannotatio&lt;span id=\" urn:enhancement-036beb40-d597-c73d-30df-a1cd47fd5706=\"\">n&#8221;&gt;eta<\/span>n&gt; <span id=\"urn:enhancement-b8f81143-af82-52d2-568a-8fbea&lt;span id=\" urn:enhanc=\"\" span=\"\" urn:enhancement-1170a04a-b753-29a2-5a28-57284198=\"\" u=\"\">rn:enhancement-b79837ae-cf5c-dd3e-4b46-00536533a128&#8243; class=&#8221;textannotation&#8221;&gt;an id=&#8221;urn:enhancement-eac89ac0-a571-2162-eed2-b28c10206266&#8243; c<\/span>lass=&#8221;textannotation&#8221;&gt;a16f97b5&#8243; class=&#8221;textannotatio<\/span>n&#8221;&gt;fcfc&#8221; c<\/span>lass=&#8221;textannotation&#8221;&gt;nt-6590596a-8377-bc27-6fbe-f49<\/span>479a6dac2&#8243; class=&#8221;textannotation&#8221;&gt;ement-f1e10cc4-318f-b081-7c45-eacb95cdb128&#8243; class=&#8221;textannotation&#8221;&gt;4835684&#8243; class=&#8221;textannotation&#8221;&gt;t&gt;ime observed in the previous boom. The South East is also a fast market showing boom-time length marketing times as supply slows to a mere trickle and properties get snapped up by eager buyers spurred on by the Help to Buy scheme.<\/p>\n<p>&nbsp;<\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><span size=\"2\" urn:enhancement-39aa87bf-3a97-cf0f-0b28-5def9cf230=\"\" span=\"\">98&#8243; class=&#8221;textannotation&#8221;&gt;all;&#8221; style=&#8221;font-size: small;&#8221;&gt;\u00a0<\/span><\/span><\/p>\n<p id=\"urn:enhancement-6a3df2d6-8eb1-ada0-0e4f-b339baf02818\" class=\"te&lt;\/span&gt;xtannotation\">class=&#8221;MsoNormal&#8221;&gt;<span style=\"font-size: small;\">By contrast, the North East and Wales show a typical on-market time of 167 and 166 day<span id=\"urn:enhancement-04b076ac-6144-14e7-7725-461&lt;span id=\" urn:enhancement-ba86ce0c-43c2-6c56-f2fb-f46a58b58=\"\" span=\"\">1c4&#8243; class=&#8221;textannotation&#8221;&gt;ac2e4eab8&#8243; class=&#8221;textannotation&#8221;&gt;s res<\/span>pectively. These and similar slo<span id=\"urn:enhanc&lt;span id=\" urn:enhan=\"\" span=\"\">cement-23433c01-1e63-3cc2-b9e7-1c77a589de3f&#8221; class=&#8221;textannotation&#8221;&gt;ement-c3369dd2-3247-df40-08b3-3ef53436c1d7&#8243; class=&#8221;textannotation&#8221;&gt;w regional<\/span> markets are burdened by a backlog of properties that have been on the market a long time, in many cases more than a year. Vendors there are simply waiting for the market to pick up, and yet the harsh economic conditions in the North, Wales and Scotland coupled with ample supply relative to demand are hindering recovery of these regional markets, despite the Help to Buy scheme and low interest rates.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Author\u00a0<\/span><\/p>\n<p><a href=\" https:\/\/plus.google.com\/115654041100964611788?rel=author\">Nick Marr<\/a><\/p>\n<p><!--EndFragment--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 One of the biggest 8-5f1b-ccd3-4921-a8295120c1d7&#8243; class=&#8221;textannotation&#8221;&gt;pan id=&#8221;urn:enhancement-90f0162c-a45a-62ef-0468-cbe792a12368&#8243; class=&#8221;textannotation&#8221;&gt;0-c6a7-07fc-92b8789a5774&#8243; class=&#8221;textannotation&#8221;&gt;questions that our home sellers ask is \u201chow long will to sell my property\u201d . The question has so many variables attached to it including location pricing and the state of<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/how-long-does-it-take-to-sell-a-home-in-the-uk\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[17,8],"tags":[],"wl_entity_type":[602],"modified_by":null,"_wl_alt_label":[],"jetpack_featured_media_url":"","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/how_long_does_it_take_to_sell_a_home_in_the_uk_","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/291"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=291"}],"version-history":[{"count":3,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/291\/revisions"}],"predecessor-version":[{"id":15453,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/291\/revisions\/15453"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=291"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}