Professional house buying firm Property Solvers have analysed the Leeds housing market between February 2023 and February 2024 to work out exactly how long properties takes to sell in different postcodes.
The dataset analysed over 1,600 properties across all LS postcodes and revealed that it takes on average 18.75 weeks - or 131.25 days - to sell a property in Leeds.
The statistics track the moment a property is listed on UK property portals to the point it's market as officially sold at the HM Land Registry.
Ruban Selvanayagam of Property Solvers commented on the data: “Whilst we’re starting to see some noticeable improvements into 2024, the continued pressures on the mortgage sector and buyers' ability to secure the right kind of finance has resulted in delays with sales completing.
"Combined with the recognised ‘snail pace’ nature of the conveyancing process, it’s likely that these trends are likely to remain for some time.”
Here are the 10 slowest selling areas in Leeds between February 2023 and 2024:
7. LS18
A total of 76 properties were sold in LS18, taking an average 137 days to sell. | Bruce Rollinson Photo: Bruce Rollinson
8. LS10
A total of 52 properties were sold in LS10, taking an average 136 days to sell. | National World Photo: National World
9. LS28
A total of 123 properties were sold in LS28, taking an average 136 days to sell. | Google Photo: Google
10. LS8
A total of 49 properties were sold in LS8, taking an average 136 days to sell. | Simon Hulme Photo: Simon Hulme