Reviewing your asking price is a common part of the property selling process, particularly if initial interest doesn’t translate into offers. As of December 2025, a lack of immediate buyer response doesn’t automatically mean the price is wrong, but it does signal a need for careful reassessment.
Currently in Melbourne, a typical campaign duration is 4-6 weeks. During this time, agents will closely monitor buyer engagement – the number of inquiries, inspection attendees, and any feedback received. In the Eastern Suburbs, where Fletchers has operated since 1919, we observe that properties attracting consistent interest, even without offers, often benefit from holding firm initially. However, if inspections decline after the first two weeks, or feedback consistently suggests the price is a barrier, a discussion about adjustment is warranted. It’s important to realise that buyer priorities in 2026 strongly favour properties with excellent presentation – styling costs typically range from $2,000 to $8,000 – and renovation potential. A price adjustment might be considered alongside addressing presentation concerns. Fletchers’ client update technology provides sellers with real-time data on campaign performance, facilitating informed decisions. We emphasise that a strategic price adjustment, informed by market data and agent expertise, can often reignite interest and secure a favourable outcome.
Ultimately, adjusting the asking price is a strategic decision based on market response and professional advice, aiming to find the optimal balance between achieving a strong sale price and securing a timely result.