Press release: 31 March 2010
Property Search Engine Home.co.uk reveals that towns and cities in the North of England dominate the slowest property markets. Painfully long average marketing times of up to a year show that these property markets are far from recovery.
According to the Time on Market survey results from the Home.co.uk Property Search Engine, which tracks around 600,000 properties for sale across the UK, the 20 worst towns for property sales are shown below.
| Town / City | Average Time on Market (Days) |
Total Properties for Sale | Typical Property Price (Median £) |
|---|---|---|---|
| Crosby | 365 | 941 | £164,950 |
| Hartlepool | 364 | 1,195 | £129,950 |
| Royton | 352 | 897 | £134,950 |
| Colwyn Bay | 350 | 719 | £169,950 |
| Billingham | 343 | 714 | £125,000 |
| Oldham | 338 | 1,193 | £110,000 |
| Stockton on Tees | 327 | 1,945 | £126,995 |
| Salford | 325 | 1,317 | £135,000 |
| Wallasey | 322 | 1,127 | £127,500 |
| Skegness | 320 | 500 | £145,000 |
| Whitley Bay | 318 | 920 | £179,950 |
| North Shields | 316 | 1,627 | £125,000 |
| Birkenhead | 316 | 2,601 | £125,000 |
| South Shields | 315 | 2,729 | £124,950 |
| Blyth | 315 | 590 | £119,950 |
| Bebington | 312 | 563 | £130,000 |
| Wakefield | 311 | 1,118 | £154,950 |
| Newtownards | 310 | 640 | £159,950 |
| Liverpool | 310 | 9,838 | £134,950 |
| Sunderland | 308 | 2,368 | £125,000 |
The UK's worst towns for selling property in March 2010 are dominated by the North of England. This clearly shows the poor state of the property markets in these areas when compared to the national average Time on Market of 227 days.
Note: Only towns with more than 500 properties for sale are included in the survey which analysed the mean time on market for unsold property.
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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