Increased days on market in April 2026 indicates a shift toward a balanced market, driven by a nearly 40% increase in listings since December 2025 (Raine & Horne) and dampened buyer urgency following RBA rate hikes in February and March 2026 (Domain). Properties are taking longer to sell as buyer caution offsets the current surge […]
Online sold prices are currently lagging indicators that may overstate current market value. While portals reflect the high vendor confidence of late 2025, buyer urgency has dampened following RBA rate hikes in February and March 2026 (Domain). Current auction data shows a downward trend, with the median house price for the week ending 11 April
Roughly 35–40% of Melbourne properties achieve above-asking results, primarily in high-demand house markets with excellent transport links or strong school catchments (Bamboo Routes, early 2026). This is supported by Autumn being the second-strongest selling season, characterized by high buyer activity and lower competition from other vendors. Achieving a result above the price guide in April
Days on market (DOM) in Melbourne’s eastern suburbs, Mornington Peninsula, and Bellarine Peninsula are currently lengthening compared to the rapid sales of late 2025, reflecting a cooling in buyer urgency following the February and March 2026 RBA rate hikes (Domain). While still within reasonable ranges, a rising DOM suggests vendors need to be realistic about
As of April 2026, Melbourne’s housing market is showing signs of cooling after a surge in listings late 2025. The Melbourne median auction price for houses is currently $937,500 (week ending 11 April 2026), down 6.3% year-on-year (week ending 11 April 2025) at $1,001,000. While roughly 60–65% of properties are selling at or below asking
