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The market may be slowing but figures still show how strong it is now compared to a year ago.

The average time it takes to sell a property, for example, is now 88 days - that's 16 days faster than at the same time last year and the fastest selling time recorded since 2007, or the equivalent of 15 per cent, according to property group Move with Us.

It says the fastest sales were, perhaps predictably, in Greater London where a home in the second quarter of the year sold in an average of just 43 days. This was followed by the south east and East Anglia on 59 and 68 days respectively.

At the other end of the spectrum, properties were slowest to sell in north east England where the average selling time reached 138 days in the second quarter of 2014 - even so, this is 50 days quicker than the figure for that region one year ago.

Move with Us data is based on analysis of over 3,400 property sales completed out of a database of around 750,000 property listings supplied by Home.co.uk.


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    I'm not sure how accurate the data is - London definitely has a faster selling rate but I think the main problem is vendors and agents alike putting properties on the market for too high a price. Vendors want the most they can get but agents should put their foot down more when it comes to realistic selling.

    • 04 August 2014 09:12 AM
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