_Calm at auctions before the anticipated storm

Key Highlights

• The number of auction listings increased 7.1% q-o-q to 136 (including repeat listings and excluding properties sold outside of auction), and 51.1% higher y-o-y from the 90 in Q1 2024.
  
  
• There was a quarterly rise in the overall mortgagee sale listings, perhaps due to the delayed impact of a sustained high interest rate environment throughout 2023 and much of 2024.  
  
  
• Fledging buyer interest observed during the quarter might peter out as an immediate response of buyers quick to re-adopt a cautious wait-and-see posture against the roiling uncertainty of today's economic climate.

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