What is the fastest moving market in England?

On average it takes about 60 days from the time a property goes on Rightmove until a sale has been agreed.

Since the market reopened we have looked at places where a high proportion of new stock has already found a buyer and where there is still a lot of stock trying to find a buyer.

So here they are…

Where are the fastest-moving markets in England?

Willenhall, a good value market town in the West Midlands, has been named the fastest moving market since restrictions on moving home were eased in England.

Over half (55%) of all newly listed properties put up for sale in Willenhall since the market reopened have already found a buyer.

Where are the slowest-moving markets in England?

What do the experts say?

Rightmove’s property expert Miles Shipside explained that this release of pent-up demand has been particularly beneficial for home-movers who were struggling to sell before lockdown.

He said: “Space, gardens, new lifestyles and escaping big cities, that pretty much sums up what we’ve been seeing from buyer demand since the market reopened in England.

“I can’t see there being a mass exodus from the capital, but it does look set to be much more challenging for sellers of more expensive properties in zone 1 and parts of zone 2 who are looking to sell quickly, as people instead look further out to the end of the tube line to places like Walthamstow.

“The bounce back has been quite remarkable in many parts of the country, and agents in areas where new instructions are selling like hot cakes will likely have been struggling to cope with the demand, especially with safe viewing procedures also in place.

“It’s encouraging that properties that came to market before the lockdown started are also selling, in some cases ones that have been up for sale for over six months, giving those people who struggled to sell for whatever reason at the start of the year the chance to now move on to the next step in their journey.

“Buyers bouncing back in big numbers means lenders are struggling to keep pace with demand. Families with equity already built up are in a much better position than a number of first-time buyers who are trying to find a mortgage deal they can afford, which is even more difficult if they’re looking to buy in one of the more expensive areas.”

Check out this property in Willenhall: