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The Worst 20 Property Sales Towns in June 2010

Press release: 22 June 2010

Property Search Engine Home.co.uk reveals that towns and cities in the North of England and Wales dominate the slowest property markets. The painfully long average marketing times have improved very little overall since March this year and show that these property markets are far from showing any significant recovery.

According to the Time on Market survey results from the Home.co.uk Property Search Engine, which tracks around 700,000 properties for sale across the UK, the 20 worst towns for property sales are shown below.

Town / City Average Time on Market
(Days)
Total Homes for Sale Typical Property Price
(Median £)
Llandudno 390 510 179700
Hartlepool 355 1267 129950
Crosby 339 1094 162475
Newtownards 333 625 155000
Billingham 328 754 124950
Skegness 326 537 144950
Accrington 317 800 117950
Colwyn Bay 316 839 169950
Salford 314 1467 138000
Corby 308 817 127500
Stockton on Tees 303 2115 125000
Sunderland 303 2558 124950
Peterlee 301 533 109950
South Shields 295 2996 125000
Rhyl 293 602 127725
Birkenhead 292 2916 125000
Royton 292 976 134950
Wallasey 291 1267 127500
Blyth 288 656 119950
North Shields 285 1843 129950

The UK's worst towns for selling property in June 2010 also show that the number of properties for sale has increased for most locations since March 2010. This demonstrates the continued poor state of the property markets in these areas, especially when compared to the national average Time on Market of 197 days. House prices in these locations are the most likely in the UK to fall in the near future.

NB: Only towns with more than 500 properties for sale were included in the survey, which analysed the mean time on market for unsold property in estate agents' property portfolios.


Notes for Editors

Over the last 22 years, Home.co.uk has become established as a dynamic, innovative and ethical service. By providing the UK's most comprehensive Property Search and Estate Agents directory coupled with detailed House Price analysis, Home.co.uk delivers the real power of the Internet to inform and empower estate agents, homebuyers, renters, landlords and sellers in across the UK.

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