02/05/2026
📈What’s happening…
- Inventory & Supply: Melbourne has a 3.14-month supply of inventory, -24% over the past year.
- Pricing Trends: Median NEW listing price is $433,900; median ACTIVE listing is $409,000. SOLD price increased 2% Month Over Month (MoM) to $396,500.
- Days on Market: New PENDING listings average 58 days in RPR; SOLD listings are at 62 days, up 9% MoM.
👉Why it matters…
- Leverage for SELLERS: The decreased inventory, potentially allows sellers to price more competitively.
- Speed of Sale: With median days on market INCREASING, correct pricing and staging are crucial to lock in faster sales.
👉Now what…
1. Price Strategically: Consider pricing your home between the median active and pending prices to attract serious buyers.
2. Stage for Success: Highlight your home’s best features to reduce time on the market and improve buyer interest.
3. Monitor Market Conditions: Stay informed about inventory changes and adjust your strategy as needed for optimal results.
This market presents unique opportunities for sellers to capitalize on current trends!
For guidance tailored to the Melbourne market, call or text anytime!
Gina Ventimiglia
📞321.412.0700