Have you tried to sell a home recently? If at some point during the process you asked yourself, “Why is this taking so long?”, you are not alone.
Research by LonRes, a London property analyst, shows that the time from agreeing a sale to the exchange of contracts is the longest it has been in a decade (excluding a brief period during the pandemic). In 2013 it took 88 days on average to exchange contracts. In 2023 it takes 116 days — a whole extra month of stress and anxiety.