LATEST data shows house sale transactions are taking an average of 127.17 days to complete across the Aberdeen postcodes over the last year.
Some of the quickest areas to sell a property at the moment include Banff, Stonehaven and Peterhead.
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Professional house buying firm Property Solvers’ speed of sale tool has revealed that it’s taking an average of 18.17 weeks to sell a property across Aberdeen.
Updated monthly, the latest dataset analysed over 199 property sales across the region between October 2022 and October 2023.
The statistics track the moment a property is listed on the UK’s leading property portals to the point it’s marked as officially ‘sold’ at the HM Land Registry.
As shown in the table below, properties were selling the fastest in Banff (AB45), Stonehaven (AB39) and Peterhead (AB42) adopting a minimum number of 5 property sales in a given area. In the top 5 areas, Property Solvers revealed that homes took 88 days (12.57 weeks) to sell on average.
| Aberdeen’s Fastest Areas to Sell a Property (October 2022 to October 2023) | |||
| Area | Postcode | Average No. of Days to Sell | No. of Properties |
| Banff | AB45 | 79 | 5 |
| Stonehaven | AB39 | 81 | 6 |
| Peterhead | AB42 | 88 | 11 |
| Aberdeen | AB12 | 93 | 8 |
| Aberdeen | AB22 | 99 | 5 |
Homes were selling the slowest in the Aberdeen (AB10), Keith (AB55) and Inverurie (AB51) postcodes (also sampling a minimum data set of 5 property sales). In the bottom 5 postcodes, the data showed that properties were taking 128.40 days (18.34 weeks) to sell on average.
| Aberdeen’s Slowest Areas to Sell a Property (October 2022 to October 2023) | |||
| Area | Postcode | Average No. of Days to Sell | No. of Properties |
| Aberdeen | AB10 | 142 | 6 |
| Keith | AB55 | 136 | 10 |
| Inverurie | AB51 | 127 | 10 |
| Aberlour | AB38 | 119 | 8 |
| Aberdeen | AB16 | 118 | 15 |
Ruban Selvanayagam of Property Solvers commented: “The property market is certainly in a different place relative to a couple of years ago. The continued pressures on the mortgage sector and buyers ability to secure the right kind of finance has resulted in delays with sales completing,”
The co-founder of the Aberdeen sell house fast company concluded: “Combined with the recognised ‘snail pace’ nature of the conveyancing process, it’s likely that these trends are likely to remain for some time.”
