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 28 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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