OXFORD is England’s slowest moving housing market outside of London according to a new report.
Homes in Oxford take more than 14 weeks sell, while the average time to sell a home across the UK is 12 weeks, according to the latest Zoopla house price index report for UK cities.
The time to sell a home in Oxford has increased by roughly a month since 2016, with homes selling three years ago in just 10.7 weeks in comparison to 14.1 weeks today.
The report analyses the time to sell and the average gap between asking and sales prices across all UK Cities.
Across the UK, the average time to sell is 12 weeks, up from eight weeks in 2016.
This is the longest time it has taken to sell a property in the UK for three years.
Other key highlights for Oxford include that house prices in the city have fallen by 0.9 per cent to £409,400.
It is the only city in England that is registering house price falls.
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Sellers are discounting their properties by 4.9 per cent to achieve a sale in Oxford, equating to £20,237.
The average gap between selling and asking price across the UK is currently 3.8 per cent.
Zoopla updates its house price indices on a monthly basis.
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