The Truth About Todays Buyer Demand

The Truth About Todays Buyer Demand


The Truth About Today’s Buyer Demand | MyKCM

When it comes to the latest news in real estate, there are a lot of sensational headlines in the media. In times like this, when it can be hard to know what to believe, put your trust in the experts. Those of us in the housing market respect that buying or selling a home is a major life decision, and we offer advice based on what the data shows.

Despite what you may have read, the housing market is still undeniably strong. Here’s a look at what leading experts have to say about buyer demand today and how it continues to shape the industry:

Michael Lane, President at ShowingTime:

“In general, there are definite signs of cooling demand. However, buyer traffic is still at historically high levels compared to pre-pandemic showings.”

Odeta Kushi, Deputy Chief Economist at First American:

“Seasonally adjusted purchase applications tick up slightly to the highest level since July. Demand for homes remains strong and steady. Excluding 2020 (not a good benchmark) purchase applications are the strongest in a decade.” 

Selma Hepp, Deputy Chief Economist at CoreLogic:

Home buyer demand pushed price growth to a new record high in June, with S&P CoreLogic national Case-Shiller Index clocking in an 18.6% year-over-year growth rate. The month-to-month index jumped 2.18%, making it another strong monthly growth, and the fastest May-to-June increase since the data series began.”

What It Means for You

As a seller, buyer demand is an important factor that helps influence how fast your house will sell and how many buyers may be competing for it. When buyers have to compete against each other for a limited supply of available homes, bidding wars can drive prices up. While things have cooled slightly since the peak of the pandemic housing rush, buyer demand is still far surpassing historical norms. That’s why we’re still in a sellers’ market.

Bottom Line

If you’re torn on whether or not you want to sell your home this year, rest assured it’s still a great time to make a move. Let’s connect to discuss how you can sell now and do it on your best terms thanks to today’s buyer demand.


If you're thinking of buying or selling a home, the Fall Buyer and Seller Guides are here. Let's connect so you can get the latest digital copies.
#textme2069224641 #adeelrealestate #adeelsellshomes http://www.yourwashingtonhomes.com http://www.zillow.com/profile/Adeel-Q/


Adeel Qureshi Headshot
Author:
Phone: 206-548-6529
Dated: September 14th 2021
Views: 9
About Adeel: As a Real Estate professional and lifelong Washington resident, I understand the unique needs of fir...

Property Search









RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Homebuyer Tips For Finding The One INFOGRAPHIC - Some Highlights The best advice
Where Will I Go If I Sell My House - A real estate agent serves as
The Big Question Should You Renovate Or Move - The last 18 months changed what
Dont Wait For A Lower Mortgage Rate It Could Cost You - Today’s housing market is truly

Our Bloggers

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Adeel Real Estate - Powered by Skyline Properties Inc
19515 North Creek Parkway Suite #214
Bothell, WA
206-922-4641