Latest data shows house sale transactions are taking an average of 106.20 days to complete across Wales over the last year. Some of the quickest areas to sell a property at the moment include Conwy, Abergele and Pontypridd.

Professional house buying firm Property Solvers’ speed of sale tool has revealed that it’s taking an average of 15.17 weeks to sell a property across Wales.

Updated monthly, the latest dataset analysed over 3,306 property sales across the region between April 2020 and April 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.

As shown in the table below, properties were selling the fastest in Conwy (LL31), Abergele (LL22) and Pontypridd (CF38) adopting a minimum number of 20 property sales in a given area.  In the top 10 areas, Property Solvers revealed that homes took 90.30 days (12.90 weeks) to sell on average.

Wales's Fastest Areas to Sell a Property (April 2020 to April 2021)
Area	Postcode	Average No. of Days to Sell	No. of Properties
Conwy	LL31	86	25
Abergele	LL22	88	39
Pontypridd	CF38	89	56
Milford Haven	SA73	89	21
Neath	SA10	90	39
Cardiff	CF23	91	64
Swansea	SA6	91	21
Porthcawl	CF36	92	23
Newport	NP11	93	53
Bridgend	CF32	94	20

Homes were selling the slowest in the Newport (NP18), Newport (NP19) and Pontypool (NP4) postcodes (also sampling a minimum data set of 20 property sales).  In the bottom 10 postcodes, the data showed that properties were taking 119.00 days (17.00 weeks) to sell on average.

Wales's Slowest Areas to Sell a Property (April 2020 to April 2021)
Area	Postcode	Average No. of Days to Sell	No. of Properties
Newport	NP18	127	21
Newport	NP19	127	53
Pontypool	NP4	124	48
Brecon	LD3	120	22
Cardiff	CF15	116	24
Tonypandy	CF40	116	22
Cardiff	CF11	115	44
Colwyn Bay	LL29	115	30
Ebbw Vale	NP23	115	33
Cardigan	SA43	115	20

Property Solvers co-founder, Ruban Selvanayagam commented:

“Despite the broad level of inactivity under the first COVID-19 lockdown, the estate agency industry has recovered relatively quickly.”

“Whilst buyer demand certainly hasn’t waned as many predicted, the time for house transactions to complete has certainly lengthened.”

“Many solicitors, mortgage brokers and other professionals in our sector have been working from home which has often resulted in further administrative and other operational delays.  However, with restrictions gradually being lifted, and more people returning to office, the property buying and selling process should hopefully accelerate,” he continued.

Nonetheless, Selvanayagam concluded, many of the processes remain slow and archaic – “an issue that’s likely to continue post-pandemic.”