Buyer Traffic Is Still Stronger than the Norm

<article class="post-785898 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-785898"><span class="entry-date">August 30, 2023</span><div class="entry-header center-block text-center"><h1 class="entry-title">Buyer Traffic Is Still Stronger than the Norm</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=Buyer+Traffic+Is+Still+Stronger+than+the+Norm&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fbuyer-traffic-is-still-stronger-than-the-norm%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
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</div></div><div class="post-tax post-category"><span></span><a href="../category/realtor-blog/index.html" rel="tag">Realtor Blog</a></div><div class="post-tax post-post_tag"></div></div><div class="entry-content"><div><img alt="Buyer Traffic Is Still Stronger than the Norm Simplifying The Market" decoding="async" loading="lazy" src="https://media.agentaprd.com/sites/222/20230830-Buyer-Traffic-is-still-stronger-than-the-norm.webp" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" width="358"/>
<p>Are you putting off <a href="https://www.simplifyingthemarket.com/2023/08/10/about-11000-houses-will-sell-today/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">selling your house</a> 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 <a href="https://www.simplifyingthemarket.com/2023/07/28/key-housing-market-trends-infographic/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">purchasing homes</a> today. Here’s the data to prove it.</p>
<p>The <a href="https://www.showingtime.com/blog/june-2023-showing-index-results/" rel="noopener noreferrer" target="_blank"><em>ShowingTime Showing Index</em></a> 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:</p>
<p><a href="https://www.simplifyingthemarket.com/content/images/20230824/20230830-Buyer-traffic-stronger-than-normal-years.png?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank"><img decoding="async" src="https://files.keepingcurrentmatters.com/content/images/20230824/20230830-Buyer-traffic-stronger-than-normal-years.png"/></a>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.</p>
<p>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, <em>Realtor.com</em>, <a href="https://www.prnewswire.com/news-releases/realtorcom-july-housing-report-number-of-homes-for-sale-drops-below-year-ago-levels-301892480.html" rel="noopener noreferrer" target="_blank">explains</a>:</p>
<blockquote><p>“Interest rate hikes continue to further cut into buyers’ purchasing power, although they appear to have adapted to the higher mortgage rate environment . . .”</p></blockquote>
<p><strong>It’s simple. Buyers will always need </strong><a href="https://www.simplifyingthemarket.com/2023/06/02/reasons-to-own-your-home-infographic/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank"><strong>to buy</strong></a><strong>, and those who can afford to move at today’s rates are going to do so.</strong></p>
<h4><strong>The Key Takeaway for You</strong></h4>
<p>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 <a href="https://www.simplifyingthemarket.com/2023/08/01/sellers-dont-let-these-two-things-hold-you-back/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">your own move</a> when there’s clearly <a href="https://www.simplifyingthemarket.com/2023/08/08/theres-only-half-the-inventory-of-a-normal-housing-market-today/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">a market</a> for your house?</p>
<h3>Bottom Line</h3>
<p><span style="color: black;">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.</span></p>
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