The best and worst places to sell your house
Liverpudlians and residents of Southend on Sea can rejoice, because if they want to sell their home they can expect it to sell faster than anywhere else in the UK. The average property in both paces takes just 18 days to sell.
So where else is a good place to sell, and where is the worst?
FastestResearch from The Post Office named Liverpool as the best place to sell a house, because the length of time it has taken to sell has plummeted 63% to just 18 days. It seems that a year with no house price growth, and affordable average prices of £92,917, mean that newly confident buyers are taking the plunge in droves.
In second place is Southend on Sea - where houses sell in the same length of time, which is down an impressive 62% from last year. This is despite the fact that average house prices are still rising, and are up 1.6% from last year to £152,881.
The rest of the top six is made up of Portsmouth, where the average property sells in 28 days, London where a sale takes 32 days, and Plymouth and Sheffield where it takes 34 days.
SlowestAt the other end of the spectrum, the city which sees the slowest house sales is Hull, where properties take an alarming 112 days to sell - this is more than twice as long than this time last year - despite the fact that prices have fallen 2% in that time.
Only marginally better is Leicester, where properties wait 109 days before selling - which is 77% longer than this time last year despite a fall of 2.1% in house prices.
The rest of the bottom five are Stoke on Trent, where properties sell in 97 days; Swansea, where a sale takes 89 days; and Leeds where they take 79 days.
Other places that will try your patience include Norfolk (78 days), Nottingham (71 days), Cardiff (70 days), and Greater Manchester (68 days).
RecoveryOverall the picture is looking rosier: the average property in the UK sells in 58 days – 11 days less than last year. And even though house prices are not rising everywhere, the fact that houses are selling quicker is a good sign that conditions are improving.
John Willcock, Head of Post Office Mortgages, said: "2013 has been a real turning point in the UK housing market with annual house price growth currently 3.4%, the highest level it has been since November 2010. But house price data alone often hides a broader picture of recovery. This encouraging fall in the time it now takes to sell a property, especially in areas where house prices have long remained sluggish, shows that real confidence is returning to housing markets in many cities across the UK."