Melbourne spring selling: Suburbs where homes are selling faster than last year | PropTrack [Video]

ANALYSIS

Properties in some Melbourne suburbs are being snapped up in as little as two weeks, as elevated buyer demand see homes selling faster nationwide compared to last year.

New data from PropTrack revealed that the national median days on market — the number of days a property is listed on realestate.com.au before it is sold — was 42 days for both houses and units in August 2024.

This was lower than a year ago, when the median was 44 days and 46 days, respectively.

In Melbourne, houses were selling at a quicker rate compared to the national median at 36 days, while units are being sold at a similar rate of 43 days.

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However, houses in …