A property that lingers on the market for too long can undergo a steady slide in perceived value. Michael Tomadakis explains that the first three weeks of any campaign provide the best chance to achieve a premium price—especially in Melbourne’s inner north where buyer competition is strongest at launch. If a property is still unsold after six or more open homes, buyer perception starts to shift: they wonder, “what’s wrong?” and may assume it’s overpriced or hiding issues. Michael has seen even great homes develop a stigma when they go 30–45 days without genuine competition. His solution is multi-layered: honest reporting, immediate strategic review, and data-driven recommendations. Sometimes, a temporary withdrawal and fresh relaunch can reboot interest; other times, it’s a price correction backed by recent comparables. Michael empowers his clients with unfiltered market feedback and recommends decisive action before a slow campaign becomes a rescue mission. He stresses never to ignore repeated buyer signals—if genuine buyers are walking past, the market is sending a message. For urgent campaign health checks or advice on recovery, reach out to Michael and Collings through the portal below.
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