The latest research from Quick Move Now & Home.co.uk takes a look at property sales data across England and Wales and crunches the numbers to find out where has the lowest average time on market.
According to the findings, properties in Swindon and Strood have the lowest average time on market, at just 101 days. London, at the other end of the scale, is home to all ten locations with the longest average time on market.
5 best places to sell a property:
1: Swindon - 101 days on market
2: Strood - 101 days on market
3: Gloucester - 102 days on market
4: Ashford - 104 days on market
5: Rainham - 106 days on market
5 worst places to sell a property:
1: Knightsbridge - 363 days on market
2: Mayfair - 354 days on market
3: Marylebone - 346 days on market
4: South Kensington - 331 days on market
5: Belgravia 329 days on market
Danny Luke, Quick Move Now's managing director, commented: “It is clear from these results that it is now taking longer to sell a property. When we looked at the best and worst places to sell a property in 2017, the top spot, Bedford, had an average time on market of just 76 days. That figure is 25 days less than the current top spot held by Swindon and Strood. At the slower end of the market, in 2017 Sunderland took the top spot with 295 days; 68 days less than Knightsbridge's current average time on market of 363 days.
Even in the best areas to sell a property it is taking longer, and homes are on the market for an average of well over three months.
For comparison, in March 2017, properties in Swindon spent an average of 81 days on the market. By July last year that figure had risen to 89 days, and today it stands at 101 days.
If you are hoping to sell your property in the current market, there are several things you can do to improve your chances of securing a buyer. Firstly, make sure your property is competitively priced; it's a buyer's market, so you need to ensure your home stands out against the competition. You also need to ensure your property is looking its best and that you choose an estate agent with a good reputation who will proactively market your property. If you're still struggling to sell, or if you can't afford to wait to sell your property through an estate, don't be afraid to consider alternative ways to sell your property. Property auctions and genuine cash home buyers can both provide quicker alternatives to the open property market and can be a great option if you are working to a deadline.”