Why Selling Your House Now is Still a Smart Move

Why Selling Your House Now is Still a Smart Move

Think the buyer frenzy has cooled off with rising mortgage rates? Think again. The housing market might not be in the wild 'unicorn' years anymore, but it's far from stagnant.

Here's the deal: buyer demand is still solid. Forget the past few years when everything was off the charts – we're now seeing a market that's more grounded, yet still active.

The Proof is in the Showing

Check out the ShowingTime Showing Index. It's a solid gauge of how often buyers are checking out homes. The graph below? That's your evidence. The pink bits? Those were the 'unicorn' years. Now, sure, there's been a dip – blame the mortgage rates. But look at 2023 compared to the blue bars (2018-2019). Buyers are out there, and they're not just window shopping.

Offers Galore

The National Association of Realtors (NAR) tells us sellers are getting about 2.5 offers on average. That's down from the 'unicorn' years, but it's up from last year and still beats the pre-unicorn era.

Homes Selling Like Hotcakes

Sellers aren’t just getting multiple offers; their houses are flying off the market. Strong buyer demand is the driver here. As Zillow puts it:

“. . . low inventory levels are spurring surprisingly strong competition . . . demand has remained resilient, and attractive, appropriately priced listings are moving quickly.”

And the numbers from NAR back this up. Homes are on the market just a tad longer than in the 'unicorn' years, but they're still selling way faster than in the more ‘normal’ years.

Bottom Line

Missed the boat? Hardly. Sellers are still seeing multiple offers and quick sales. When you're ready to make a move, hit me up. Let's get that ‘Sold’ sign up.