Professional house buying firm Property Solvers’ speed of sale tool has revealed that it’s taking an average of 17.61 weeks to sell a property across Greater London.
Updated monthly, the latest dataset analysed over 9,269 property sales across the region between February 2023 and February 2024.
The statistics track the moment a property is listed on the UK’s leading property portals to the point it’s marked as officially ‘sold’ at the HM Land Registry.
As shown in the table below, properties were selling the fastest in London (E3), London (E4) and Waltham Cross (EN7) adopting a minimum number of 35 property sales in a given area. In the top 10 areas, Property Solvers revealed that homes took 106.20 days (15.17 weeks) to sell on average.
| Greater London’s Fastest Areas to Sell a Property (February 2023 to February 2024) | |||
| Area | Postcode | Average No. of Days to Sell | No. of Properties |
| London | E3 | 102 | 37 |
| London | E4 | 103 | 55 |
| Waltham Cross | EN7 | 103 | 45 |
| Twickenham | TW1 | 104 | 50 |
| London | SW6 | 105 | 103 |
| Harrow | HA3 | 106 | 39 |
| Northwood | HA6 | 106 | 48 |
| Woodford Green | IG8 | 110 | 35 |
| London | W7 | 111 | 35 |
| London | SE25 | 112 | 43 |
Homes were selling the slowest in the Watford (WD19), London (SE26) and Swanley (BR8) postcodes (also sampling a minimum data set of 35 property sales). In the bottom 10 postcodes, the data showed that properties were taking 138.60 days (19.80 weeks) to sell on average.
| Greater London’s Slowest Areas to Sell a Property (February 2023 to February 2024) | |||
| Area | Postcode | Average No. of Days to Sell | No. of Properties |
| Watford | WD19 | 147 | 50 |
| London | SE26 | 142 | 40 |
| Swanley | BR8 | 139 | 48 |
| Enfield | EN1 | 139 | 66 |
| London | SE13 | 138 | 53 |
| London | SE18 | 138 | 42 |
| Mitcham | CR4 | 137 | 50 |
| London | SW2 | 136 | 70 |
| London | SW18 | 135 | 160 |
| Worcester Park | KT4 | 135 | 51 |
Ruban Selvanayagam of Property Solvers commented: “whilst we’re starting to see some noticeable improvements into 2024, the continued pressures on the mortgage sector and buyers’ ability to secure the right kind of finance has resulted in delays with sales completing,”
The co-founder of the Greater London sell house fast company concludes: “combined with the recognised ‘snail pace’ nature of the conveyancing process, it’s likely that these trends are likely to remain for some time.”
