Italy property market 2021
Italy property market 2021 / Pixabay

How long it takes to sell a house in Italy in 2021? In Italy, on average, it takes 140 days to sell a property. This is according to a report produced by idealista/data, Advisory & Valutation department of idealista.it, stating that an online property listing for a house for sale remained online for 4.7 months in the first quarter of 2021 (12% more than a year ago in the same period). Let's find out, in detail, the situation of how long it takes to sell a house in Italy in 2021 by province and city, data which can also be viewed on this interactive map.

The Italian province where it takes the longest time to sell a house is Enna, where a real estate listing remains online on idealista for 8.7 months on average. Potenza (7.3 months) and Campobasso (6.6 months) complete the podium. The top 10 provinces where the longest selling times in Italy are observed include Caltanissetta (6.5 months), Asti and Isernia (both 6.3 months) and then Biella, Cuneo, Vercelli and Nuoro (all taking 6.3 months).

By contrast, the provinces in which property listings remain online for the least amount of time are: Olbia-Tempio (1.9 months), Milan (2.7 months) and Trieste (2.8 months). The provinces with the shortest time spent on the market for houses for sale also include Vicenza (3.2 months), Florence (3.3 months), Treviso (3.4 months) and then, all with an average of 3.6 months, Naples, Bologna, Modena and Verona, as well as other important provinces such as Parma, Monza-Brianza, Turin and Rome.

Looking at the data referring to the first quarter of 2020 for selling property in Italy, it is easy to see that the greatest increases in the length of time a property remains on the market were recorded in several provinces with tourist resorts. The top 10 features: Carbonia-Iglesias, Siracusa, Ogliastra, Nuoro, Brindisi, Oristano, Udine, Lucca, Verbano-Cusio-Ossola and Ragusa.

On the contrary, the 10 provinces where sales times decreased the most in Italy are: Pesaro Urbino, Rovigo, Olbia-Tempio, Trapani, Belluno, Catanzaro, Vibo Valentia, Macerata, Campobasso, Ancona. Moving on to the main provinces, property advertisements spend more time online in Naples (+8%), Genoa (+12%), Bologna (+13%), Bari (+18), Turin (+23%), Milan and Rome (+31%).

The situation changes slightly if we focus exclusively on selling time in Italian cities. The city in which a property listing remains online for the least amount of time, on average, is Milan (just 2.1 months), followed by Bologna and Trento (both 2.6 months). But properties also remain on the market for a short time (less than 3 months) in Verona, Naples and Salerno (all 2.7 months), Florence and Trieste (both 2.9 months).

On the other hand, the cities with the longest time on the market are Enna, Rieti, Nuoro, Vibo Valentia, Caltanissetta, Trapani, Ascoli Piceno, Teramo, Sondrio and Matera (all well over 5 months). In Rome, on the other hand, a house for sale listing remains online for an average of 3.4 months.