Property Solvers’ speed of sale tool, which you can visit here, has revealed that it takes an average of 130 days to sell a property in the Sheffield (S) postcodes.
Updated monthly, the latest dataset analysed over 1,000 property sales across the region between February 2020 and February 2021.
The statistics track the moment a property is listed on the UK’s largest property portal Rightmove to the point it’s marked as officially ‘sold’ at the HM Land Registry.
Property Solvers co-founder, Ruban Selvanayagam said: “Although buyer demand hasn’t waned over the course of the pandemic, the length of time for transactions to complete has certainly lengthened.
“Operational activity has still pretty much continued, but the home sales industry – like many others – has had to learn to adapt over the last year. Many solicitors, mortgage brokers and other professionals in our sector have been working from home which has often resulted in administrative and other operational delays."