Number of Home Buyers Growing Across the Country

Dated: 11/14/2019

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There is a marked increase in the number of people looking for homes this Fall. Figures show an increased demand for residential real estate in all four regions of the United States.

 ShowingTime Showing Index reports:

“Home showing activity was up again nationwide with a 4.6 percent rise in traffic, as the traditionally slow fall season began with a marked boost in buyer interest.”

There is an awareness among buyers that this might be the most opportune time to make a move, as mortgage rates have dropped over a full percentage point since the fall of 2018. They have remained in a historically low range since this summer which makes the overall cost of owning a home significantly more affordable and attractive.

ShowingTime broke down the stats for current buyer traffic patterns across the United States:

“The West Region, which until August had experienced 18 consecutive months of flagging home buyer traffic, lead the four regions in year-over-year improvement with an 8.9 percent increase in buyer activity.

The South followed with a 6.4 percent increase, the largest such improvement in the region since April 2018, with the Northeast Region’s 5.6 percent increase the next largest among the four regions.

The Midwest’s more modest 0.8 percent year-over-year growth rounded out the nation’s promising month.”

Buyer Demand Growing in Every Region | MyKCM       ShowingTime reports “nationwide growth for the second consecutive month, which represents the first time since December 2017 – January 2018”.  one more reason why selling your house this winter is a good option.  List while buyers are on the market, before the competition and while the inventory is low for residential real estate.

In Short

If you are considering waiting until spring to sell your house, reconsider! Buyer traffic is actively growing across the country. Let’s get together to discuss listing your house now while the demand is high!

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Andrea Semanko

As a northwest native, I have a great understanding of Skagit, Island and Snohomish Counties as to their character and growth potential. Drawing on my personal knowledge of schools, recreational facil....

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