Days on market for Melbourne listings down to 35 days: REIV

Days on market for Melbourne listings down to 35 days: REIV
Days on market for Melbourne listings down to 35 days: REIV

The median number of days on market in the month of May 2015 decreased to 35 days from a revised 37 days in the previous month, according to the latest REIV data.

REIV CEO Enzo Raimondo said private sales, still the most common form of sale in Victoria, Melbourne included, have also been running hot with a fall in the median number of days on market.

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 Days on market for Melbourne listings down to 35 days: REIV

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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