It took the average home seller 256 days to sell their property in 2019, according to the latest research by estate agent comparison website, GetAgent.co.uk.
The group looked at the time it took to sell a home in 2019 and which areas had the longest home selling process in the “midst of Brexit induced market uncertainty”.
The research showed that on average across the nation, homesellers were seeing their home take 256 days to sell from first listing it online, until the point the sale completed, climbing to 295 in the capital.
This average time increased throughout the year, with it taking 250 days during the first quarter of 2019, and increased by 8.5% to 271 days by the final quarter, up 3.3% between Q3 and Q4 alone.
The group said the location which “endured” the biggest market slowdown was Eden, where the average property sale took 393 days to complete. Westminster had the second-longest selling time, taking 390 days to complete.
Other areas to make the list of top 20 longest house sales of 2019 include Gwynedd, Kensington and Chelsea, Bournemouth, Lambeth and Malvern Hills.
Founder and CEO of GetAgent.co.uk, Colby Short, said: “It’s clear that the ongoing market uncertainty surrounding Brexit had a direct impact on selling times across the nation over 2019, increasing almost consistently throughout the year and culminating with the longest selling times seen all year, due to a combination of pre-election angst and a seasonal market slowdown in the final quarter of the year.”
He added: “However, as always, the UK property market is a patchwork quilt constructed of many different markets, all acting independently with their own levels of demand and rates of house price growth.
“So while the average home seller had no choice but to twiddle their thumbs for almost eight and a half months before completing, for many, this happened much quicker.”
GetAgent.co.uk pulled data from all of the major portals which it then cross-referenced with the Land Registry using “proprietary “algorithms to create a comprehensive record of what is selling, where, for how much and how long it’s taking.