Will My House Still Sell in Today’s Market?
If recent headlines about the housing market cooling and buyer demand moderating have you worried you’ve missed your chance to sell, here’s what you need to know. Buyer demand hasn’t disappeared, it’s just eased from the peak intensity we saw over the past two years.
During the pandemic, mortgage rates hit record lows, and that spurred a significant rise in buyer demand. This year, as rates increased due to factors like rising inflation, buyer demand pulled back or softened as a result. The latest data from ShowingTime confirms this trend.
But context is important. To get the full picture of where today’s demand stands, consider data for the past six years. Historical data make it clear that, while moderating compared to the frenzy in 2020 and 2021, showing activity is still beating pre-pandemic levels...
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