Leave a Message

Thank you for your message. We will be in touch with you shortly.

Buyer Traffic Is Still Stronger than the Norm

August 30, 2023

Real Estate Tips

Buyer Traffic Is Still Stronger than the Norm

Are you putting off selling your house because you’re worried no one’s buying because of where mortgage rates are? If so, know this: the latest data shows plenty of buyers are still out there, and they’re purchasing homes today. Here’s the data to prove it.

The ShowingTime Showing Index is a measure of buyers touring homes. The graph below uses the latest numbers available and compares them to the same month in the last normal years to show just how active today’s buyers still are:

As you can see, when June 2023 numbers are stacked alongside what’s typical for the housing market at this time of year, it’s clear buyers are still active. And, they’re actually a lot more active than the norm.

If you’re wondering how this could possibly be true, it’s because buyers are getting used to higher mortgage rates and accepting them as the new reality. As Danielle Hale, Chief Economist, Realtor.comexplains:

“Interest rate hikes continue to further cut into buyers’ purchasing power, although they appear to have adapted to the higher mortgage rate environment . . .”

It’s simple. Buyers will always need to buy, and those who can afford to move at today’s rates are going to do so.

The Key Takeaway for You

While it’s true things have slowed down from the frenzy of the last couple of years, it doesn’t mean today’s market is at a standstill. The reality is: buyer traffic is still strong today. Even with today’s mortgage rates, plenty of buyers are still making their moves. So why delay your own move when there’s clearly a market for your house?

Bottom Line

Don’t put off your plans because you’re worried no one will buy your home. The opposite is true, and more buyers are more active than the norm. Connect with a real estate agent to get your house ready to sell, so it makes the best first impression possible on those eager buyers.

 

(2023, August 30). Buyer Traffic Is Still Stronger than the Norm. Keeping Current Matters. https://www.keepingcurrentmatters.com/2023/08/30/buyer-traffic-is-still-stronger-than-the-norm/

Real Estate

A Day in the Life of a Block Change Real Estate Agent: How We Serve the San Jose Community

Brian Ng  |  March 13, 2025

A Day in the Life of a Block Change Real Estate Agent: How We Serve the San Jose Community

Real Estate Investing

The Block Change Real Estate Advantage: How Our Data-Driven Approach Delivers Superior Results in San Jose

Thao Dang Pham  |  March 12, 2025

The Block Change Real Estate Advantage: How Our Data-Driven Approach Delivers Superior Results in San Jose

Real Estate

The Real Impact of Interest Rate Changes on the San Jose Housing Market

Brian Ng  |  March 11, 2025

The Real Impact of Interest Rate Changes on the San Jose Housing Market

Seller's Real Estate Tips

Transform Your San Jose Home’s Value with Smart Landscaping & Outdoor Upgrades

Thao Dang Pham  |  March 10, 2025

Transform Your San Jose Home’s Value with Smart Landscaping & Outdoor Upgrades

Real Estate

The Future of Sustainable Living in Silicon Valley: How Eco-Friendly Homes Are Increasing in Value

Brian Ng  |  March 7, 2025

The Future of Sustainable Living in Silicon Valley: How Eco-Friendly Homes Are Increasing in Value

Real Estate Investing

Discover San Jose’s Hidden Gems: The Rise of Micro-Neighborhoods & How to Find Yours

Thao Dang Pham  |  March 6, 2025

Discover San Jose’s Hidden Gems: The Rise of Micro-Neighborhoods & How to Find Yours
FOLLOW US ON INSTAGRAM