More Buyers Are Jumping Back In — Is It Your Time To Sell?
Lately, more homebuyers are making moves, and if you’ve been waiting for the right moment to sell, this could be your opportunity.
Over the past few years, many potential buyers put their plans on hold due to rising mortgage rates and affordability concerns. However, that trend is shifting. Buyers are adjusting to current market conditions and realizing this may be the new normal. With mortgage rates showing signs of stabilizing, more people are ready to re-enter the market. According to the National Association of Realtors (NAR):
"Home buyers seem to be getting over the shock of mortgage rates in the mid- to upper-6% range."
While we may not see a sudden surge of buyers, the growing number of serious house hunters is great news if you’re considering selling. Here are three key indicators that demand is on the rise.
3 Signs Buyers Are Returning to the Market
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Mortgage Applications Are Increasing: The Mortgage Bankers Association (MBA) reports that mortgage applications have jumped 37% since the beginning of the year. That’s a strong signal that buyers are becoming more active. If you’re planning to sell, these buyers—who are getting their finances in order—could be looking for a home like yours.
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Buyer Demand Is Gaining Momentum: According to Redfin’s Homebuyer Demand Index, demand has risen 3% since late January. While that may not seem like a huge jump, it indicates that momentum is building, and more buyers are exploring their options.
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More Home Showings Are Happening: Data from ShowingTime shows that home showings have increased by 13% since the start of the year. This uptick in foot traffic suggests more buyers are actively looking, which could translate to more interest—and potentially more offers—on your home.
With spring just around the corner, the housing market is approaching its busiest time of year. Historically, this is when the highest number of buyers and sellers enter the market. Listing your home now could position you to take full advantage of this increased activity.
Bottom Line
As buyer activity picks up, this could be the ideal time for you to make your move. If you're considering selling, now is the moment to ensure your home gets the attention it deserves. Let’s connect and discuss how we can get your home in front of motivated buyers.
If the perfect buyer came along today, would you be ready to sell?
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