The time taken to sell a home in England and Wales fell by an average of 8.1 days in the six months to June 2023, according to analysis by GetAgent.
GetAgent monitored the time from the point a property was first listed, through to the sale being registered as complete with the Land Registry.
The research looked at the average time it has taken to sell a home from January to June 2023, compared with July to December 2022.
To June 2023, the average home took 218.9 days to sell across England and Wales, 3.6% quicker than the average of 227 days across the six months prior.
London saw the biggest reduction, with 313.2 days compared with 344.8, down 31.6 days, or 9.2%.
In the North East, the time to sell fell by 18.1 days (-6.9%) to 242.7, while the South East and West Midlands saw the average selling time drop by 10.4 days and 1.4 days, respectively.
All other regions of England and Wales saw the average time to sell increase.
The biggest rise was in the South West, with an increase of 10.5 days (4.8%) to 229.7.
Wales saw selling time increase by 9.2 days (4.3%) to 223.4, and the time to sell in Yorkshire & Humber climbed by 6.7 days (3%) to 233.2.
The average time to sell also increased in the East of England (5.1 days), North West (4.3 days), and East Midlands (2.5 days).
Colby Short, co-founder and CEO of GetAgent.co.uk, said: “Despite a cooling housing market in which expensive mortgages and a high cost of living are denting buyer demand levels, the overall time it takes to sell has actually reduced.
“Lower buyer demand usually means it takes longer to find a quality buyer, but at the same time, a quieter market means that the selling process, not least the convoluted conveyancing leg of the journey, can be completed more quickly because the professionals involved have got less on their plates.
“So while the real challenge in today’s market is finding a buyer in a stronger enough position to reach completion, those that can achieve this are finding that the road to completion is far smoother than it was during the peak of the pandemic boom period.”
