
Many buyers put their home search on hold due to rising mortgage rates, but things are shifting. More buyers are adjusting to today’s market and resuming their searches as mortgage rates begin 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.”
This is great news if you’re considering selling. While we won’t see a rush of buyers overnight, motivated house hunters are returning. Here’s what the data shows:
3 Signs Buyers Are Ready to Move
- Mortgage Applications Are Rising – The Mortgage Bankers Association (MBA) reports a 37% increase since the start of the year, showing buyers are serious about purchasing.
- Buyer Demand Is Growing – Redfin’s Homebuyer Demand Index has risen 3% since late January, signaling steady momentum.
- More Home Showings – ShowingTime data reveals a 13% increase in home showings, meaning more buyers are actively looking.
Why Now Could Be the Right Time to Sell
Spring is the busiest real estate season, and buyer activity is expected to keep rising. With more buyers in the market, competition is heating up, which could benefit you as a seller.
The Bottom Line
With demand increasing, now is a great time to list your home. If the right buyer came along today, would you be ready to sell?
Connect with The Audra O’Neal Team to get your home in front of motivated buyers.
#RealEstate #HomeSelling #HousingMarket #BuyersMarket #MortgageRates #SpringSelling #SellYourHome #HomeBuying #RealEstateTips
#AudraONealTeams #SellingHomesBuildingDreams