If you're a homeowner contemplating a move, you may be wondering about the optimal timing to sell your house. The good news is that buyer traffic is showing a remarkable increase, even in the face of higher mortgage rates. The latest data from the ShowingTime Showing Index, a reliable gauge of active home tours by potential buyers, highlights the significant surge in buyer demand over recent months. Notably, the first two months of 2023 witnessed a noticeable rise in buyer traffic, likely due to the scarcity of available homes that kept prospective buyers actively searching during the colder months.
According to Jeff Tucker, Senior Economist at Zillow, the heightened buyer activity is expected to persist, with an anticipation of more buyers entering the market during the traditional upswing in home shopping in March and April. For homeowners contemplating a sale, the continued presence of active buyers in this year's market should be encouraging. It signifies that potential buyers are actively searching for homes like yours.
Rising foot traffic in the housing market this year is an encouraging sign, suggesting that potential buyers are actively seeking to make purchases despite the presence of higher mortgage rates. If you're considering selling your house, it's a great time to connect with Anthony Spitaleri and his team to explore your options and capitalize on this favorable market trend. Let us assist you in achieving a successful sale.
