In Melbourne’s fast-moving inner-north market, Michael Tomadakis argues that the data’s the boss—ignoring repeated price feedback is riskier than a prompt adjustment. He cites that most premium offers arrive in the first 10-14 days, and waiting beyond 3 weeks without strong buyer signals (multiple inspections, offers, buyer urgency) typically leads to stagnation. Rather than waiting for a single “big” offer, Michael recommends reviewing written feedback and inspecting buyer numbers at the end of week two. If the right volume/urgency isn’t there, a calculated and transparent price correction keeps your home in the active consideration set. Michael’s rule: move with the market, not behind it. The longer a property sits, the more leverage buyers have. For evidence-driven advice on your next sale, contact Collings: https://www.collings.com.au/portal
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