Melbourne: overstocked or over the worst?

Amid the mixed signals in the Melbourne property market, signs and hints are emerging that the worst is over.

Despite Melbourne dwelling values joining a broad-based recovery trend in November, and values rising 0.7 per cent in the month, the sheer volume of stock up for grabs could slow the rate of recovery across Melbourne in 2021.

This is certainly the case in the inner city, where total stock on market was at its highest in November (at 4,6…