The east dominated the list, with Templestowe, 182, Bentleigh East, 167, and Doncaster East, 157, rounding out the top five.
But Harcourts, Judd White, director Dexter Prack said there were lower stock levels in Glen Waverley and Mt Waverley when compared to the postcodes’ huge prior year.
“For us as an agency, we definitely noticed across the board a 10 per cent drop in stock levels and there was a slight correction in the prices,” he said.
“But what we noticed over the last six months was due to the lack of stock, the demand was quite similar which actually held prices in good stead.”
Suburbs with the most $1 million house sales in Melbourne 2016
Glen Waverley: 218
Mt Waverley: 196
Bentleigh East: 161
Doncaster East: 157
Glen Iris: 128
Balwyn North: 115
Mt Eliza: 113