Whether or not you’re looking to buy your first home or you’re thinking of putting your house on the market, there’s no denying that lockdown has affected the property industry.
Although July saw the greatest amount of home sales in ten years, that includes the sale of homes that had spent a fair amount of time waiting to sell.
Our recent research has found that lockdown has added an average of 25.7 days to the amount of time a property stays on the market.
When comparing 2019 sales figures from March-July to 2020 figures covering the same period, our data shows that it took an average of 136 days to sell a home in 2019 compared to 2020 figures for March-July showing it takes 161 days, increasing by an average of over three weeks.
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