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More Buyers Are Making Moves - Is It Time To Sell?

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More Buyers Are Making Moves - Is It Time To Sell?

More people are getting back into the housing market, and if you’ve been waiting for the right time to sell, this might be it.

After pausing their plans due to rising mortgage rates and affordability issues, many buyers are returning as they adjust to the new normal. 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,” which is helping to reignite the market.

3 Signs Buyers Are Ready To Make Their Move

1. Mortgage Applications Are Up: Mortgage applications have jumped 37% since the beginning of the year, signaling more buyers are actively seeking homes.

2. Buyer Demand Is Growing: The Homebuyer Demand Index from Redfin shows a 3% increase in demand since late January, indicating momentum is building.

3. More Home Showings: Showings are up 13% since the start of the year, suggesting increased interest from serious buyers.

Bottom Line
With spring approaching, the busiest season for housing, now is an ideal time to list your home. As buyer activity picks up, make sure your property is front and center for motivated buyers. If the right buyer walked through your door tomorrow, would you be ready to sell? Let’s connect and make sure you’re prepared!