tr

How Do You Know if Your Property Is Overpriced? Michael Tomadakis on Market Evidence

September 21, 2026

Is your home not getting inspections, offers, or serious buyer questions? Michael Tomadakis, Melbourne’s inner-north residential specialist, explains that the clearest sign of an overpriced home isn’t opinion—it’s repeated feedback from serious buyers, low inspection turnout, and a lack of written offers. True market value is established by patterns, not isolated remarks: if ten qualified buyers walk through and echo the same hesitation or price expectation, this is real evidence. Michael urges sellers to examine day-by-day enquiry figures, private inspections booked (not just open homes), and genuine written offers compared to recent comparable sales. Rather than defending a price set at the start, he recommends a transparent review every week—using hard stats, not wishful thinking. Overpricing risks making a property “stale,” and slow reaction times can cost more than a strategic early move. If inspections and feedback aren’t matching your price, listen to the market—not just to the agent or your gut. For a no-obligation appraisal based on facts, not hype, contact Collings: https://www.collings.com.au/portal

Find your next property with Collings

Track suburbs, get matched to on-market and off-market listings, and manage your whole property search in one place. Access the Collings property portal.

Scroll to Top