The Melbourne property market demonstrated encouraging resilience throughout July, supported by steady buyer engagement and growing property stock across Greater Melbourne. Data from the Real Estate Institute of Victoria (REIV) recorded an average monthly auction clearance rate of 71.25 per cent, finishing on a strong note with a 74 per cent clearance rate on the final weekend of the month. Total available listings expanded by 15.5 per cent over the month, providing active buyers with a welcome rise in property selection across both metro and regional areas. Alongside auction results, private treaty sales experienced a noticeable surge, highlighting that realistic pricing and quality property presentation continue to unlock consistent buyer demand.

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How long are properties taking to sell in Melbourne?

Median days on market pushed out slightly to 36 days during July, giving buyers essential breathing room to evaluate opportunities thoroughly, complete comprehensive due diligence, and negotiate with clarity. Market performance remains particularly robust across well located units, townhouses, and family homes in established middle ring suburbs. First home buyers and downsizers are driving steady competition in accessible price brackets, while the broader expansion of property stock ensures buyers across all price points can negotiate without feeling unnecessary time pressure.

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Why is now a good time to buy in Victoria?

Current market conditions create a favourable window for buyers to secure quality real estate before competition increases in the warmer months. Purchasing in a stable market environment allows buyers to negotiate cleaner contract terms and capture true market value. Upgrading buyers can also narrow the price gap between their current home and a higher tier property, positioning themselves to benefit from long term capital growth as broader economic confidence continues to build. Establishing a clear search strategy and focusing on fundamental location quality remain the keys to long term success.

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How We Can Help

Navigating changing market conditions is much easier with an experienced buyers advocate in your corner. We help you cut through the noise, uncover quality properties across Melbourne and Victoria, and negotiate with total confidence.

If you are planning your next move, get in touch with our team today to chat about your goals and how we can support your property search.