Has your home been on the market longer than you thought it would? It’s understandable to feel frustrated at this point. You might be considering taking it off the market and seeing what happens in 2025. However, what you might not realize is that waiting could end up costing you more in the long run. Here’s why sticking with it now might be the more strategic choice.

Other Sellers Are Pulling Back. Should You Hold Off Too?

Recent data from Altos Research shows that more sellers are choosing to withdraw their listings from the market. This trend is quite typical for this time of year.

In the housing market, we see seasonal trends that affect inventory levels. As we approach fall, it’s common for fewer homes to be available since some sellers choose to hold off on listing until the new year. Mike Simonsen, the Founder of Altos Research, discusses this trend.

““. . . we’re seeing a more normal seasonal pattern now with inventory beginning to decline. We’re also seeing more home sellers withdrawing their listings to try again next year. In fact, for every two sales, there is another listing withdrawn from the market.”
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— Mike Simonsen, Founder of Altos Research

Is that really a wise decision? Pulling your listing might appear to be a smart move, but here's why it could backfire this year.

Today’s Buyers Are Serious and Ready To Act

The main reason to follow through with your plan to sell right now is that the buyers out there this time of year are committed to making a purchase.

Many have been watching from the sidelines, hoping for better affordability. With mortgage rates recently dropping from their highs, they're now ready to take action. We've seen a rise in mortgage applications, which is a strong sign that buyers are gearing up to re-enter the market. Having delayed their plans for so long, these buyers are even more motivated than usual for this time of year.

These buyers aren’t just browsing; they’re serious about making a purchase and looking to act quickly. That’s the type of buyer you want to engage with. As Freddie Mac states:

““During the fall months, serious homebuyers are eager to settle in to a new home before the holiday season ramps up and the winter weather begins.”
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— Freddie Mac

Keeping your home on the market gives you a better chance of attracting buyers who are genuinely prepared to make a purchase.

Bottom Line

Some sellers are opting to pull their homes off the market, but that might not be the wisest choice. There are motivated buyers out there looking to make a purchase, which makes it a fantastic time to sell your home. Let’s work together to ensure we have a solid strategy to make that happen.