2 Feb 2016 By: Greg Hocking 0 Comment
When you are the auction capital of the world it is easy to get consumed with weekend auctions results and clearance rates.
Melbourne leads the nation on both fronts and we are extremely supportive of this sales method.
It is the ideal way to sell our highly desirable and valuable suburban real estate within a clearly defined timeframe.
But did you know Victoria’s capital also sells more properties via private sale than any other city in Australia.
We also do it quicker than our metropolitan rivals.
According to latest figures from CoreLogic RP Data in the four weeks to January 24, the median time on market (TOM) for Melbourne houses – measured from the date of listing to the contract date – was 50 days.
The next faster was Canberra, which typically finds a buyer for its listings in 55 days.
Thanks to our market’s super fast TOM, quality property listings do not linger long on the open market.
Buyers know value for money and act quickly when they see it, hence the enduring success of Melbourne’ classic four-week auction campaign.
Call us today for an obligation-free appraisal of your property.