Buyers on the Sidelines

Real estate

Prepared by Tony Alexander with kind sponsorship from REINZ

A record 73% of agents in our monthly survey report that buyers display FOOP – fear of over-paying and seeing prices fall after they buy.

That helps explains the net 65% seeing fewer people at auctions, net 70% seeing fewer people attending open homes, and net 70% seeing prices falling in their location.

Fewer investors are selling despite tax and interest rate changes, and there is minimal demand from offshore.

Survey results can be downloaded from here.

REINZ & Tony Alexander Real Estate Survey – June 2022

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