LISTINGS ACTIVITY
The spring selling season is historically the time the most properties come to market . Unfortunately this was not the case this year . This was surprising as we did see a significant pick up in late winter . There are likely two main drivers for this . The first is that although higher interest rates are making mortgage holders more stressed , we ’ re yet to see a substantive rise in the number of properties coming to market as a result . The second is that continued uncertainty around interest rates is preventing some vendors from coming to market , perhaps waiting for more stable financing conditions .