The latest data from the Real Estate Institute of Victoria revealed the average regional Victorian home spent 43 days on the market in October, compared to 55 days a year ago.
Tweed Sutherland First National director Matt Leonard said days on market figures have come down across the board in Greater Bendigo.
"There certainly are some suburbs more popular than others, but there are also more and more off market transactions," Mr Leonard said.
"Those properties don't even make it to advertising and aren't on the market for a single day.
"If you factor those in, the days on market would be even lower."
In October, Epsom properties were on the market for two weeks less than a year ago.
The average days on market for Epsom properties was 24, compared to 38 in 2019.
Strathdale's days on market figure remained strong in October, improving to 31 days compared to 33 days a year ago.
DCK Real Estate director Matt Bowles said since the "ring of steel" separating regional Victoria and metropolitan Melbourne came down, there has been an influx of enquiry from metropolitan buyers.
"It's not slowing down," Mr Bowles said.
"We are struggling to put properties online and in the paper because the market is that hot."
Epsom's improvement can be attributed to its affordability and a number of its newly built homes qualifying for the First Home Owner Grant.
"Epsom is part of a growth corridor through to Huntly and offers affordability and modern homes," Mr Leonard said.
"There are a lot of amenities and facilities that have been built in Epsom recently, which helps drive investment.
"In the past 12 months, we have noticed an increase in demand and an increase in price there."
Boasting five decades of collective experience in Bendigo's real estate market, Mr Bowles and Mr Leonard both agreed the upcoming Christmas period would be one of the busiest yet.
"The market is very busy and we expect that to continue right up until Christmas," Mr Bowles said.
"A property sold in Napier Street last weekend had 12 separate inspections, selling well over asking price.
"Anything under $500,000 is very hot property at the moment and buyers can't get enough."
Statewide, October's days on market average was 33, led by a resurgence from inner Melbourne sales, as its figure decreased from 71 days in September to 24 days in October.
For more property listings, check out Real Estate View, published every Friday and Saturday in the Bendigo Advertiser, or visit realestateview.com.au
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