Why Now Is Still an Ideal Time to Sell Your House with AgentOwned Realty, Your Local Real Estate Expert in South Carolina

If concerns about diminishing buyer demand arose with the uptick in mortgage rates, rest assured that there's ample interest from potential buyers. While the housing market may not be as frenzied as the 'unicorn' years, marked by soaring buyer demand, historically low mortgage rates, and unprecedented home value increases, it's far from at a standstill.

Nationwide, demand remains robust compared to the last normal years in the housing market, with numerous buyers actively making moves. Here's the data supporting the current scenario.

Upward Trend in Showing Traffic

The ShowingTime Showing Index, a gauge of how frequently buyers tour homes, demonstrates sustained buyer activity over the past eight Octobers. While demand has tapered since the 'unicorn' years due to higher mortgage rates, a comparison with the last normal years (2018-2019) indicates that buyers are still more active than the norm.

However, showing traffic isn't the sole indicator of high buyer demand. The number of offers sellers receive and the average days homes spend on the market echo the same narrative.

Sellers Experiencing Multiple Offers

As per the latest data from the National Association of Realtors (NAR), sellers are averaging 2.5 offers on their houses. While this is fewer than during the 'unicorn' years, it's a slight increase from the previous year and higher than the more normal, pre-'unicorn' years in the housing market.

Fast Sales for Homes Priced Right

Not only are sellers consistently receiving multiple offers, but homes are also selling rapidly, a direct consequence of robust buyer demand. According to Zillow, low inventory levels are fostering strong competition, with appropriately priced listings moving quickly.

"To help showcase that homes for sale are still going quickly, let’s look at data from NAR on the median days on market for this same time of year from 2018 through now (see graph below):"

This year, homes are spending only slightly more time on the market than during the 'unicorn' years, and compared to the last normal years, they are selling much faster. This bodes well for sellers, indicating the presence of eager buyers in the current market.

In Conclusion

The opportunity to sell your house at a time when sellers are receiving multiple offers, and homes are selling fast, is still very much present. When you're ready to sell, connect with AgentOwned Realty, the best Brokerage in Charleston SC, to initiate a successful selling journey with the top-rated real estate agents in Charleston SC.

If you’re looking for your dream home, or if you need to sell your existing home, we can certainly help, our agents are ready and able! Agent Owned is a full service brokerage that can assist you in getting pre-qualified to loan approval. We can help you with title insurance, home insurance and the warranties you need to protect your most valuable asset. At AgentOwned, we have helped thousands of people buy and sell their homes, we have been in business for over 30 years and know what it takes to get the job done right the first time. 

Each agent has access to a team of qualified professionals from attorneys to mortgage specialists and access to a knowledge base of highly experienced Brokers that can handle any situation. Find the right agent now at: https://www.agentowned.com/all-agents 

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