The real estate market is shifting, and more buyers are taking steps to purchase a home. If you’ve been waiting for the right moment to sell, this could be the sign you’ve been looking for.
Over the past few years, many prospective buyers put their plans on hold due to rising mortgage rates and affordability challenges. However, those same buyers are now re-entering the market, adjusting to the new normal, and taking advantage of stabilizing mortgage rates. 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 shift in buyer mentality is great news for sellers looking to make a move.
While we may not see a sudden flood of buyers, motivated home seekers are actively searching again. Here’s the data proving that demand is on the rise.
3 Signs Buyers Are Ready To Make Their Move
1. Mortgage Applications Are Increasing
According to the Mortgage Bankers Association (MBA), mortgage applications have surged by 37% since the beginning of the year. This significant uptick indicates that more buyers are getting serious about their home search and securing financing. As a seller, this means there’s a growing pool of qualified buyers who could be interested in your home.
2. Buyer Demand Is Picking Up
The Homebuyer Demand Index from Redfin reports a 3% increase in demand since late January. While this may seem like a small rise, it signals steady momentum in the housing market. More buyers are returning, eager to find their perfect home before competition intensifies.
3. More Home Showings Are Happening
Data from ShowingTime reveals a 13% increase in home showings since the start of the year. This rise in foot traffic means more potential buyers are actively touring homes. Increased showings often lead to more offers, and for sellers, that’s exactly the kind of market activity you want to see.
Why Spring Is the Best Time To Sell in Vero Beach
As we approach spring, historically the busiest time of year for home buying and selling, demand is expected to continue rising. More people choose to move in the spring and early summer, making now an ideal time to list your home in Vero Beach. If you’re considering selling, taking action now could help you capitalize on the increased buyer activity.
Bottom Line
With buyers making moves, sellers have a prime opportunity to do the same. Increased buyer activity, stabilizing mortgage rates, and the upcoming spring market all make this an excellent time to sell. If you want to position your home in front of these motivated buyers, let’s connect.
If the right buyer walked through your door tomorrow, would you be ready to sell? Let’s discuss your goals and create a strategy to get your home sold quickly and for top dollar.
