How long it takes to sell a house in different areas of Halifax
Professional house buying firm Property Solvers’ speed of sale tool has revealed that it’s taking an average of 17.94 weeks to sell a property with Halifax (HX) postcodes.
Updated monthly, the latest dataset analysed over 230 property sales across the region between March 2020 and March 2021.
The statistics track the moment a property is listed on Rightmove to the point it’s marked as officially ‘sold’ at the HM Land Registry.
In the HX1 (which takes in Halifax town centre and King Cross), HX2 (Illingworth, Wainstalls. Luddenden Foot and Norton Tower) and HX6 (Sowerby Bridge, Ripponden and Rishworth) postcodes, out of the 88 tracked properties in the 12 months to April 2021, home sellers were waiting 133 days on average from listing to completion.
Properties were selling the fastest in the HX3 (which takes in Northowram, Hipperholme, Southowram and Skircoat Green) and HX7 (Hebden Bridge, Mytholmroyd and Cragg Vale) postcodes. 101 homes in these areas took 116 days to sell on average.
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,” he continued.
“However, with positive news around the vaccine roll-out, as more people gradually return to offices and agencies, we’re cautiously optimistic about things picking up over the course of the year.”