Buyer Traffic Is Still Stronger than the Norm — NIC, THE REALTOR

Are you hesitating to sell your house because you're concerned that nobody's buying due to the current mortgage rates situation? Well, let me tell you something reassuring: the latest data actually shows that there are plenty of buyers in the market right now, and they are actively purchasing homes. And guess what? I've got the data to back it up!

Have you heard about this cool thing called the ShowingTime Showing Index? It's basically a way to measure how many buyers are going to see homes. I've got this awesome graph below that shows the latest numbers compared to previous years, so you can see just how active buyers are these days. It's pretty interesting stuff!

If we take a look at the housing market numbers for June 2023 and compare them to the usual activity during this time of year, it's quite obvious that buyers are still in full swing. In fact, they're way more active than what we usually see.

You might be wondering if this is really happening, but the truth is that buyers are actually getting used to higher mortgage rates and seeing them as the new normal. Danielle Hale, the Chief Economist at Realtor.com, breaks it down for us:

“Interest rate hikes continue to further cut into buyers’ purchasing power, although they appear to have adapted to the higher mortgage rate environment . . .”
— Danielle Hale, Chief Economist, Realtor.com

It's pretty straightforward. People who want to buy a home will always need to buy, and those who can afford to move with the current interest rates are most likely going to go ahead and do it.

The Key Takeaway for You

I know that things may have calmed down a bit compared to the crazy market we've seen recently, but trust me, the real estate market is still buzzing. There's no need to think that everything has come to a halt. The truth is, there are still plenty of buyers out there, and they're eager to make their move. Even with the current mortgage rates, people are actively looking for a new place to call home. So why put off your plans to sell? It's clear that there's still a demand for houses like yours.

Bottom Line

Don't hold back on your plans just because you're concerned that nobody will buy your home. In fact, it's quite the opposite! There are actually more active buyers in the market than usual. So, let's get in touch and work together to get your house all set and ready to sell. We'll make sure it leaves a fantastic first impression on those eager buyers who can't wait to find their perfect home.



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