Buyers are feeling no pressure at the moment as they face a record amount of supply on the market.

In May, this translated into slightly lower negotiated prices, with the average home selling for 98.8% of the asking price.

However, prices have experienced only a minor decrease, as many sellers continue to hold firm on pricing expectations.

This is a signal of very little amounts of distressed sales occurring, despite the record number of mortgages renewing at higher rates this year.

Price resilience suggests strong fundamentals. Let's discuss what that means for your listing strategy.