Understanding when your property is overpriced is critical in the Melbourne inner-north market. Michael Tomadakis stresses examining hard evidence: comparable recent sales, genuine buyer feedback, time on market compared to similar properties, and the volume of qualified enquiries. If similar homes are selling faster and at lower prices, buyers are inspecting but not offering, or the only offers are well below your asking price, these are factual indicators your price is too high. Michael’s principle is clear: one buyer’s comment is opinion—10 buyers walking away is market feedback. When in doubt, revisit comparable sales and discuss with a specialist agent who can show you real local data.

Ready to sell smart? Connect with Michael Tomadakis and the Collings team for an evidence-led strategy: www.collings.com.au/portal