Mortgagee listings fall 29% QoQ to 22 in 1Q24

The residential sector accounted for the majority of the listings

Mortgagee listings dropped 29.0% to 22 in 1Q24, data from Knight Frank showed. Year-on-year, listings fell by two.

“The number of mortgagee listings in the first quarter of 2024 was nowhere near the highest ever in a quarter at 176 recorded in 1Q20,” Knight Frank said.

“Previously, mortgagee listings from 2018 to 2019 were typically more than 100 each quarter, in tandem with rising interest rates then,” the expert added.

Of the total listings in 1Q24, 12 were from the residential sector. The total residential mortgagee listings were 45.5% less than the 22 listings in 4Q23. 

Meanwhile, retail mortgagee listings rose slightly to four in 1Q24, and there were one office and five industrial mortgagee listings in the quarter, unchanged from Q4 2023.