A NEW housing study shows that it takes an average of 78 days for a property in Portland to sell – among the quickest areas to sell a home in Dorset.

Professional house buying firm Property Solvers’ speed of sale tool, which can be found through this link, has revealed that it is taking an average of 15.88 weeks to sell a property in the DT postcodes in Dorset.

Updated monthly, the latest dataset analysed over 468 property sales across the region between March 2020 and March 2021.

The statistics track the moment a property is listed on the UK’s largest property portal Rightmove to the point it is marked as officially ‘sold’ at the HM Land Registry.

Properties were selling the fastest in the DT5 postcode, as 45 homes in this area took 78 days to sell on average.

Swanage and Wareham Voice: How long it takes for properties in DT postcodes to sell on average. How long it takes for properties in DT postcodes to sell on average.

In the DT11 postcode, out of the 55 tracked properties in the 12 months to March 2021, home sellers were waiting 123 days on average from listing to completion.

In the Weymouth area, it took 112 days on average to sell a property within the DT3 postcode and 114 days to sell a home in the DT4 postcode area. The Dorchester area postcode, DT2, 41 tracked properties took on average 114 days to sell.

Based on 55 tracked properties in Bridport, namely the DT6 area, it took 108 days to sell, 12 tracked properties in the DT7 area took 116 days to sell while it took 109 days to sell 12 tracked properties in DT8 area, namely the Beaminster area.

In the North Dorset area, it has taken 123 days to sell a property in the DT9 area, namely Sherborne, while it takes 109 days to sell a home in the DT10 area, Sturminster Newton. In the SP7 and SP8 areas, it took 115 days on average to sell properties.

Elsewhere in Dorset, namely the BH postcode areas, it takes 91 days for a property to sell in BH1, 94 days in BH3 and 96 days in BH2. BH16 and BH17 take on average 130 days to sell a property.

Swanage and Wareham Voice: Postcodes in the BH area.Postcodes in the BH area.

Property Solvers co-founder, Ruban Selvanayagam commented: “Although buyer demand hasn’t waned over the course of the pandemic, the length of time for transactions to complete has certainly lengthened.”

“Operational activity has still pretty much continued, but the home sales industry – like many others – has had to learn to adapt over the last year. Many solicitors, mortgage brokers and other professionals in our sector have been working from home which has often resulted in administrative and other operational delays,” he continued.

“However, with positive news around the vaccine roll-out, as more people gradually return to offices and agencies, we’re cautiously optimistic about things picking up over the course of the year."