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 behaviour.
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.
