Supply and demand is what drives the property markets, both in sales and rentals. To get the highest price an agent wants to create scarcity, it is their job. As a side benefit, lots of interest creates opportunity for them (which is why they underquote, but that is a topic for another day!).
Quite often you see in articles or on TV that there is huge demand for a property or rental. Or that something sold for hundreds of thousands above reserve. Let me share with you how you can’t always believe what you read.