Extended selling times and agent sentiments

The slowdown in activity translates to longer selling times. Properties remained
on the market for an average of 12 weeks and two days in Q2, up from 10 weeks
and six days in Q1. This weakness affected all regions and price points.
Consequently, agent sentiment soured, with agent satisfaction dropping from
56% to 51% (Figure). Interestingly, this decline aligns with weaker sentiment in
the interest-rate sensitive new vehicle dealer sector, but contrasts with broader
economic sentiment as reflected in the RMB/BER Business confidence index for Q2.

https://www.fnb.co.za/downloads/economics/economic-comment/2024/PropertybarometerJune2024.pdf