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Wales’ Slowest and Fastest Home Sale Markets

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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.”