If your home has been listed longer than you hoped, you’re likely feeling frustrated and may be thinking, is now the right time to pull your house from the market and try again next year? But waiting might actually cost you opportunities. Here’s why staying listed could work in your favor.
Other Sellers Are Taking a Pause. Should You?
Recent insights from Altos Research show an increase in sellers withdrawing listings, as some delay their plans until the new year. This seasonal pattern is common in real estate, with inventory often dipping in the fall as sellers start to reconsider their timelines. Mike Simonsen, Founder of Altos Research, points out:
“. . . we’re seeing a more normal seasonal pattern now with inventory beginning to decline. We’re also seeing more home sellers withdrawing their listings to try again next year. In fact, for every two sales, there is another listing withdrawn from the market.”
But is it really the best time to pull back? Here’s why leaving your listing up could still be a smart choice.
Buyers Right Now Are Ready and Motivated
One major advantage of staying on the market is that the buyers still looking this time of year tend to be serious about making a purchase. These are motivated buyers, some of whom have been holding out for better conditions. Now, with mortgage rates easing, they’re ready to take the plunge. Mortgage applications are up, which is a good sign that buyers are primed to make their moves. Freddie Mac explains:
“During the fall months, serious homebuyers are eager to settle in to a new home before the holiday season ramps up and the winter weather begins.”
Listing through this season gives you the chance to attract buyers who aren’t just browsing—they’re ready to buy.
Bottom Line
Even though some sellers are stepping back, it may be a missed opportunity to do the same. This fall, serious buyers are actively searching for homes, and keeping your listing up means you’re still in the game. If you’re ready to sell and want a strategy that works, reach out to me, Teresa Hill, and let’s make it happen!
*Information pulled from Freddie Mac, & Altos Research.
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