Does the current headlines about the housing market cooling and buyer demand moderating have you worried you’ve missed your chance to sell, here’s what you need to know. Buyers have not disappeared, it’s just eased from the height of the last two years.
During Covid19 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.
To get the full picture of where today’s Fort Lauderdale demand stands, consider data for the last 6 years. Historical data make 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. I hope that eases your fear and show there’s still demand if you sell your house today.
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.
Even though the Fort Lauderdale Real Estate market has cooled a bit, it’s still a sellers’ market. Contact us to assist you in pricing your home in the current market, the demand is still there, and it should sell. According to a recent survey from realtor.com, 92% of homeowners who sold in August reported being satisfied with the outcome of their sale.
If you’re ready to sell your house today, DM me so you have expert insights on how the market has shifted and how to plan accordingly for your sale.
