Ray White Now - June 2024 | Page 9

LISTINGS ACTIVITY
Updated results for April have shown listing numbers rebound , surpassing both the 2023 and 2022 figures . However , our preliminary May data indicates some compression . Despite this reduction , listing numbers still outpace the 2023 results , even as vendors exhibit hesitancy in committing to putting their property on the market .
The sentiment around interest rates has deteriorated due to unexpectedly robust inflation results this month . Consequently , we anticipate a further dampening effect on listing levels as both buyers and sellers adopt a “ wait and see ” approach . This cautious stance is particularly pronounced given the robust price growth observed across the country .