January remains the best month for a quick property sale

The latest research from the HomeOwners Alliance has revealed that January is the best month of the year to put your property on the market, with homes for sale this month selling faster than any other time of the year.

The organisation compiled data focusing on the time it takes to sell a residential property.  They found that homes on the market in January were easiest to sell. Since 2015, homes listed on the market in January have taken an average of 57 days to sell.

Since 2015, properties in the UK have stayed on the market in January for on average 62 days. The speed of sales was slower in 2019 compared to previous years, but January was still the fastest month to sell even in a slower market.

The overall speed of sale in 2019 was 69 days, compared with an average of 61 days in the previous four years.

After January, the next fastest month to sell a property was November with 66 days, followed by February, October and November with 67 days. In contrast, May was the slowest month to sell a property with an average of 73 days.

Paula Higgins, Chief Executive of HomeOwners Alliance, said: “With the General Election and Christmas now behind us and children back at school, people are starting to put into action their plans for the year.

“Traditionally people wait for Spring to sell their homes, but our data shows if you’re looking to get moving, then there’s no better time to put your house on the market than this month.”

For any specialist legal advice regarding property, please contact Elaine Copley on 01904 528200 or email ec@hethertons.co.uk