Buyers spoiled for choice

22% of homes on market 'have been sitting there for over six months'

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More than one in five homes listed for sale have been sitting on the market for more than six months without a buyer snapping them up, according to analysis by a property website.

Zoopla said that 22% of homes listed for sale have been on the market for over six months and remain unsold.

Its report said: “Many sellers have a price in mind that they want to secure a sale for their home, or a price they need to achieve in order to unlock their next home move.”

They may eventually get their price but “may have to wait along time to achieve it”, the report cautioned.

Sellers may have to balance achieving a specific price against a timely sale, it added.

House price growth is cooling as more homes are put on the market, the website said.

The average estate agent has 37 homes for sale, compared to 32 last year.