Fascinating data has revealed hotspots where houses are selling the quickest across the greater Reading area.

And the data shows on average across the region, transactions are taking an average of 124.87 days to complete.

Some of the quickest areas to sell a property at the moment include Hook in Hampshire (RG29), Tadley (RG26), and Thatcham (RG18).

Professional house-buying firm Property Solvers’ has revealed that it’s taking an average of 17.84 weeks to sell a property across Reading.

As shown in the table below, properties were selling the fastest in Hook (RG29), Tadley (RG26) and Thatcham (RG18) adopting a minimum number of 10 property sales in a given area. 

In the top 10 areas, Property Solvers revealed that homes took 116.40 days (16.63 weeks) to sell on average.

 

Reading's Fastest Areas to Sell a Property (February 2023 to February 2024)

Area

Postcode

Average No. of Days to Sell

No. of Properties

Hook

RG29

111

15

Tadley

RG26

112

45

Thatcham

RG18

115

28

Henley-On-Thames

RG9

115

38

Hook

RG27

117

40

Reading

RG1

118

49

Reading

RG31

118

47

Reading

RG5

119

62

Reading

RG6

119

69

Basingstoke

RG21

120

55

 

Homes were selling the slowest in the Thatcham (RG19), Newbury (RG14) and Whitchurch (RG28) postcodes (also sampling a minimum data set of 10 property sales).  In the bottom 10 postcodes, the data showed that properties were taking 133.90 days (19.13 weeks) to sell on average.

Reading's Slowest Areas to Sell a Property (February 2023 to February 2024)

Area

Postcode

Average No. of Days to Sell

No. of Properties

Thatcham

RG19

142

42

Newbury

RG14

140

63

Whitchurch

RG28

140

13

Basingstoke

RG25

138

16

Bracknell

RG12

132

138

Wokingham

RG41

132

78

Hungerford

RG17

131

14

Reading

RG2

129

35

Reading

RG4

128

131

Bracknell

RG42

127

73

Updated monthly, the latest dataset analysed over 1,553 property sales across the region between February 2023 and February 2024.

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.

Ruban Selvanayagam of Property Solvers commented: “whilst we’re starting to see some noticeable improvements into 2024, 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 Reading sell house fast company concludes: “combined with the recognised ‘snail pace’ nature of the conveyancing process, it’s likely that these trends are likely to remain for some time.”