Housing supply up marginally and yeat to date demand down across Sunshine Coast!

Summer is traditionally a quieter time of year in real estate. This is particularly true this year, with increased mortgage rates and stricter lending requirements, buyers and sellers are opting to take a wait-and-see approach for the time being.  

Currently the Sales to Active Listings is at 14% on the Coast which represents a Balanced Market.  Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.