Sellers need to come to market in next few weeks to maximise their chance of a move by Christmas
The average time to get through conveyancing is now 150 days. Vendors need to come to market in the next few weeks to have a chance of moving by Christmas.*
Fifth price record this year but further signs of pace easing
A conveyancing log-jam means that those who are looking to move this year and have yet to act will need to do so in the coming weeks. It is currently taking 150 days to complete a purchase on average after agreeing a sale, 50 days longer than at this time in 2019. This means that those who are hoping to complete a deal in time to enjoy next Christmas in a new home, need to come to market in the next few weeks to give themselves the best chance of finding a buyer and completing the transaction by the end of the year. There are more than 500,000 homes that are currently sold subject to contract, a massive figure which is 44% higher than it was at this time in 2019, and 39% higher than the pre-pandemic five-year average.
Read the *House Prince Index June 2022 here
*Rightmove