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In this episode of The Last Honest Realtor, host David Fleming unpacks the April 2025 TRREB data and asks the question that’s on every seller’s mind: Why hasn’t spring sprung? Despite record-high listings and multiple Bank of Canada rate cuts, buyer activity remains muted. David dives into the growing confidence gap between buyers and sellers, and what this standoff means for the summer and fall markets. What starts with market stats quickly evolves into a sharp, story-driven look at buyer psychology, seller rigidity, and the misfires that happen when agents don’t set proper expectations. If you’re wondering why listings are piling up and offer nights keep falling flat, this episode delivers the data — and the diagnosis. In This Episode: Why April saw record listings but near-record low sales How fear of overpaying is replacing fear of missing out What today’s buyers are thinking — and why many are stuck in limbo Why sellers are still pricing like it’s 2022 How unrealistic expectations are tanking otherwise solid listings Timestamps: 00:00 – April Stats Are In: Listings Surge, Sales Stall 05:00 – Buyer Confidence Is Gone — and It’s Not Coming Back Soon 10:00 – Offer Nights That Go Nowhere: The New Normal 14:00 – Why Sellers Refuse to Lower Prices Even When They Should 19:00 – Condo Inventory, Absorption Rates, and the Myth of “Nothing Is Selling” 25:00 – FOP greater than FOMO: The Psychology Driving the 2025 Market 31:00 – Market Shocks Ahead: Interest Rates, Immigration Caps, and Precon Defaults 37:00 – Fall Forecast: When, Why, and If Buyers Will Return Also in This Episode: A cautionary tale of the $1.25M condo that relisted at $999K — same unit, different strategy Why switching agents without changing expectations is a recipe for failure What savvy agents are doing right now to actually close deals Subscribe to The Last Honest Realtor on YouTube or your preferred podcast app. Drop a comment if you're navigating this market — or trying to make sense of it. #TheLastHonestRealtor #TorontoRealEstate #SpringMarket2025 #BuyerPsychology #TRREBStats #ConfidenceCrisis #RealEstateTruth