The market is extremely hot at the moment – properties are selling quickly and at high asking prices
Two areas of Yorkshire have made it into the ‘Top 10’ list of best places to sell a property, based on time on market. Middlesbrough came in joint sixth place, with properties in the town typically spending 38 days on the market, whilst Bradford came in joint seventh place, with properties in the city typically sitting on the market for 39 days.
Danny Luke from Quick Move Now, who teamed up with Home.co.uk to compile the list, said: “It’s great for Yorkshire to have two areas in the Top 10 list. This time last year, properties in Bradford typically spent 61 days on the market, now it’s just 39. Similarly, typical time on market in Middlesbrough has fallen from 66 days to 38 days. The market is extremely hot at the moment – properties are selling quickly and at high asking prices.”
Best places to sell a property:
| Position | Location | Typical time on market |
| 1 | Northampton | 25 days |
| 2 | Bristol | 26 days |
| 3 | Nottingham | 32 days |
| 4 | Romford | 34 days |
| 5 | Stockton On Tees | 36 days |
|
6 |
Middlesbrough | 38 days |
| Stockport | 38 days | |
| Norwich | 38 days | |
| 7 | Bradford | 39 days |
| Coventry | 39 days |
Worst places to sell a property:
| Position | Location | Typical time on market |
| 1 | Strand | 210 days |
| 2 | Soho | 198 days |
| 3 | Charing Cross | 195.5 days |
| 4 | Knightsbridge | 194.5 days |
| 5 | Holborn | 193 days |
|
6
|
Mayfair | 185 days |
| Belgravia | 185 days | |
| Marylebone | 185 days | |
| 7 | Bloomsbury | 179 days |
| 8 | Westminster | 177.5 days |
Danny continues: “The big question for everyone now is how long this level of demand and growth will last, especially in light of rising interest rates and increased living costs. Many predicted that we would see a drop in property prices after the stamp duty holiday ended last year, but that drop never materialised.
It would be natural to assume that higher living costs would impact how much homebuyers can afford to pay, and therefore have a negative impact on property prices. However, demand for property still remains very high at the moment.
Whilst demand for property continues to outstrip supply, we’re unlikely to see any real impact on the market. Should we continue to see inflation rise at its current level for a prolonged period of time, it feels inevitable that it will start to impact both those wanting to buy properties and existing property owners.”
