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

More people are taking steps to buy a home. And, if you’ve been waiting for the right time to move, this may be the sign you’ve been looking for.

For the past few years, a lot of would-be homebuyers hit pause on their plans. With rising mortgage rates and affordability challenges, buying just didn’t seem doable. But now, more of them are getting back out there. That’s because they’re getting used to the fact that this may be the new normal for the market – especially as forecasts show mortgage rates may be starting to stabilize. 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."

And that’s good for you and your plans to sell. While there isn’t going to be a big rush of buyers flooding the market all at once, this does mean motivated buyers are re-starting their searches. And here’s the data to prove it.

Signs Buyers Are Ready To Make Their Move

1. Mortgage Applications Are on the Rise: According to the Mortgage Bankers Association (MBA), mortgage applications are up 37% since the start of the year. That’s a big jump and a clear sign more buyers are more active lately. Don’t miss out on that. Serious buyers who are getting their finances in order are great potential buyers for your house.

2. Buyer Demand Is Picking Up: The Homebuyer Demand Index from Redfin shows demand is up 3% since late January. While that’s not a huge spike, momentum is building.

3. More Home Showings: ShowingTime data says home showings are up 13% since the beginning of the year. This added foot traffic is exactly what you want to see if you’re about to sell your house. It signals more serious interest in buying. More buyers out there looking means more potential eyes on your house. And more eyes could translate to more offers.

4. Home Prices Remain Strong

Home values have remained resilient, and in many areas, they continue to appreciate. A well-priced home in a desirable location can attract multiple offers, giving sellers an advantage in negotiations. If you've built up equity in your home, selling now could allow you to maximize your return.

5. Inventory Is Still Low

While buyer demand is picking up, inventory levels in many markets remain lower than usual. This means less competition among sellers, making your home stand out even more. A well-maintained and strategically marketed home can draw significant interest, leading to favorable selling conditions.

The Right Move for Your Next Chapter

Beyond market conditions, deciding to sell should align with your personal goals. Are you looking to upsize, downsize, relocate, or cash in on your investment? If your home no longer fits your lifestyle or financial objectives, this could be a great time to list it and take the next step.

Partner With a Real Estate Professional

Selling a home in a dynamic market requires expertise and strategy. A trusted real estate professional can help you navigate pricing, staging, marketing, and negotiations to ensure you get the best possible outcome.

Is Now the Time for You?

If you're wondering whether now is the right time to sell, let's connect. We can assess your local market, review your home’s value, and develop a plan that meets your goals. With more buyers making moves, your perfect opportunity may be right around the corner!

Book your appointment and let’s talk to take the next step in your real estate journey. Schedule a real estate consultation with one of our team members.