ILMINSTER and Crewkerne are among the areas with a TA postcode where properties were selling the fastest.
Professional house-buying firm Property Solvers’ speed of sale tool has revealed that it’s taking an average of 17.87 weeks to sell a property across Taunton.
Updated monthly, the latest dataset analysed over 622 property sales across the region between October 2022 and October 2023.
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 Bridgwater (TA7), Crewkerne (TA18), and Ilminster (TA19) adopting a minimum number of 20 property sales in a given area.
In the top 10 areas, Property Solvers revealed that homes took 119.80 days (17.11 weeks) to sell on average.
Homes were selling the slowest in the Taunton (TA4), Minehead (TA24), and Taunton (TA3) postcodes (also sampling a minimum data set of 20 property sales).
In the bottom 10 postcodes, the data showed that properties were taking 127.60 days (18.23 weeks) to sell on average.
Ruban Selvanayagam of Property Solvers commented: “The property market is certainly in a different place relative to a couple of years ago.
“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 Taunton 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.”
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