Q2 Market Report

After an unusually quiet start to the year, the second quarter brought a welcome shift in momentum.

From April to June, the market showed consistent strength, with solid buyer activity and a gradual rise in new listings. While the February rate cut made little immediate impact, the second cut in May coupled with the election conclusion - appears to have turned the tide. Market confidence has lifted, and the shift was especially noticeable through June, where strong sales and faster decision-making became the norm.

Sellers are now beginning to prep for spring, with many wrapping up cyclone-related insurance work and looking to take advantage of improving conditions. The sentiment is changing, and it’s showing in buyer behavior:

• More assertive offers

• Shorter days on market

• Stronger conditions presented upfront

All signs point to a market entering a new phase with the prospect of further rate cuts, rising confidence, and a more competitive landscape as we head into spring.