Home.co.uk tracks when properties appear for sale and when these properties are sold (or removed) from agent website and property portals.
The average time on market for property for sale measures how long the properties currently advertised by an estate agent have been indexed in the Home.co.uk search. The median (see below) time on market is used so that the average is not biased by a small number of properties that may be taking a long time to sell.
The estate agent branch's property time on market rankings are comparisons against other agents in the same town and postal district. A lower numerical ranking indicates that current properties have been listed for less time.
The average property price is the average price of all properties currently indexed in the Home.co.uk search for the estate agent. The average price is ranked against other agents in the same town and postal district. A lower numerical ranking indicates that properties currently listed have higher prices.
The median is the number for which half of the values in the sample are higher than it, and half are lower. The median of a list of numbers can be found by arranging all the observations from lowest value to highest value and picking the middle one. If there are an even number of observations, the mean of the two middle values is often used.
Note: The statistics for each estate agent are recalculated each day and reflect their properties as found advertised on the web by the Home.co.uk Property Search Engine. Home.co.uk tracks properties across almost every UK property website but cannot guarantee that all properties have been included in the Search Index.
Estate agents who are advertising their properties online for the first time may have artificially high rankings for time on market, whilst estate agents selling more expensive properties typically indicate longer marketing times and therefore lower rankings.