Private treaties were the most popular way to sell properties in regional Victoria in April, the Real Estate Institute of Victoria has revealed.
REIV data shows the best-performing private sale markets were Irymple with 26 days on the market, followed by Newcomb with 27 days on the market, Corio with 28 days on the market, and Lara, Geelong West and East Geelong with a median of 29 days on the market.
Across the board, regional homes on average sold in 51 days, the lowest median in the last seven years.
The area that recorded one of the state’s largest improvements in the median of days sold was Lorne at 54 days, which was 43 days faster.
The Geelong suburb Armstrong Creek also performed well, with a median of 46 days, selling 40 days faster. Castlemaine recorded a median of 62 days, selling 32 days faster, and Drouin had a median of 35 days, selling 28 days faster.