Close

Keith Rodgers

ABR, CLHMS, GRI, HCSMS, HCP, HSMMS, NHC, PSA, RENE, SRS
  4.98/5 View Ratings
Realty ONE Group Iconic
< BACK Subscribe

Will My House Still Sell in Todays Market? September 2022

September 27th, 2022


Will

Buyer Demand Then and Now

During the pandemic, mortgage rates hit record lows, and that spurred a significant rise in buyer demand. This year, as rates increased due to factors like rising inflation, buyer demand pulled back or softened as a result. The latest data from ShowingTime confirms this trend (see graph below):

Will

The orange bars in the graph above represent the last few months of data and the clear cooldown in the volume of home showings the market has seen since mortgage rates started to rise. But context is important. To get the full picture of where todays demand stands, lets look at the July data for the past six years (see graph below):

Will

This second visual makes it clear that, while moderating compared to the frenzy in 2020 and 2021, showing activity is still beating pre-pandemic levels – and those pre-pandemic years were great years for the housing market. That goes to show there’s still demand if you sell your house today.

What That Means for You When You Sell

The key to selling in a changing market is understanding where the housing market is now. It’s not the same market we had last year or even earlier this year, but that doesn’t mean the opportunity to sell has passed.

While things have cooled a bit, it’s still a sellers’ market. If you work with a trusted local expert to price your house at the current market value, the demand is still there, and it should sell quickly. According to a recent survey from realtor.com, 92% of homeowners who sold in August reported being satisfied with the outcome of their sale.

Bottom Line

Buyer demand hasn’t disappeared, it’s just moderated this year. If you’re ready to sell your house today, let’s connect so you have expert insights on how the market has shifted and how to plan accordingly for your sale.


Join the discussion

To post a comment on this blog post, you must be an HAR Account subscriber, or a member of HAR. If you are an HAR Account subscriber or a member of HAR, please click here to login. If you would like to create an HAR Account account, please click here.

Login to Comment
Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®

Join My Blog

Dedicated and passionate about making the real estate industry more consumer centric. Specializing in helping home buyers and sellers within the North Houston Communities including The Falls at Imperial Oaks.
Realty ONE Group Iconic
23919 Gosling Rd Ste B, Spring, TX 77389   Get Directions
Phone: (281) 826-1156
Fax: (281) 616-3882
  • Archive
    •     2022
    •     2021
    •     2020
    •     2019
    •     2018
    •     2017