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There was a huge turnout at auctions in February around Victoria, giving the state its strongest month on record.
The latest REIV data shows homes listed for private sale in regional Victoria in February spent a median of 51 days on market, 19 days less than the same period last year.
Hepburn Springs, north-east of Ballarat, recorded one of the most impressive turnaround. The resort town recorded a median 44 days days on market, a 90-day improvement on the same period last year.
Barwon Heads recorded a marked improvement on the same period a year ago. The town experienced a 54-day drop in the number of days, with a media of 44 days, down from 98.
Ballarat also experienced a great month. Both Ballarat North and Ballarat East recorded improvements, with medians of 44 and 46 days respectively.
Other regional towns with significant drops in days on market include Wangaratta, down 22 days to a median of 41 days; Warragul, down 21 days to a median of 36 days; and Moe, down 25 days to a median of 59 days.
The shortest days on market was seen in the north-west town of Irymple, which experienced a median of just 27 days on market. Bell Post Hill in Geelong followed close behind with 29 days.
The latest REIV data shows homes listed for private sale in regional Victoria in February spent a median of 51 days on market, 19 days less than the same period last year.
Hepburn Springs, north-east of Ballarat, recorded one of the most impressive turnaround. The resort town recorded a median 44 days days on market, a 90-day improvement on the same period last year.
Barwon Heads recorded a marked improvement on the same period a year ago. The town experienced a 54-day drop in the number of days, with a media of 44 days, down from 98.
Ballarat also experienced a great month. Both Ballarat North and Ballarat East recorded improvements, with medians of 44 and 46 days respectively.
Other regional towns with significant drops in days on market include Wangaratta, down 22 days to a median of 41 days; Warragul, down 21 days to a median of 36 days; and Moe, down 25 days to a median of 59 days.
The shortest days on market was seen in the north-west town of Irymple, which experienced a median of just 27 days on market. Bell Post Hill in Geelong followed close behind with 29 days.
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