It has recently been shown that in-plane sound waves can propagate over long distances in lipid monolayers [1]. Earlier it has been proposed that the propagation of nerve signals can be described by sound phenomena called solitons [2]. The implications of sound propagation in lipid membranes for signaling in biology are far reaching and insight into this is essential for further investigation. Particularly interesting are propagation properties in the vicinity of the biologically relevant lipid melting transition, where mechanical and thermodynamical properties of the system change drastically. We have theoretically addressed the properties of sound propagation in lipid membranes throughout the lipid melting transition. We explored dispersion and attenuation for low frequency sound propagation, a regime previously unexplored. We find that dispersion and attenuation is closely related to the relaxation and the state of lipid membranes [3]. Interestingly, the vast significant changes of dispersion and attenuation occur on timescales similar to ion channel open times and the temporal length of the nerve pulse. [1] Griesbauer et al., PRL, 108, 198103 (2012). [2] Heimburg & Jackson, PNAS, 102, 9790 (2005). [3] Mosgaard et al., Adv. Planar Lipid Bilayers Liposomes, 16 (2012).