Showing activity is in a slump compared to the last three years… not sure if it is because of the SuperBowl last weekend or the cold snap we have been experiencing or something else… now we wait to see where it goes from here.
New listings slowed down (could that be part of the reason for diminished showing activity?), but coming soon listings have continued to grow. I find it fascinating to see how pending sales and multiple offers continue to grow in tandem.
In spite of lackluster new listings, they are still ahead of last year… pending sales are similar to last year.
According to a recent NerdWallet survey, a record percent of people say they are going to buy a home this year. Read more about it in the article below from our blog at Keeping Current Matters.
Sharlene Hensrud, RE/MAX Results – shensrud@homesmsp.com
A Record Percent of Buyers Are Planning To Move in 2025 – Are You?
This could be the year to sell your house – and here’s why. According to a recent NerdWallet survey, 15% of people are planning to buy a home this year. That’s actually a record high for this survey (see graph below):
Here’s why this is such a big deal. The percentage has been hovering between 9-11% since 2020. This recent increase shows buyer demand hasn’t disappeared – if anything, it indicates there’s pent-up demand ready to come back to the market.
That doesn’t mean the floodgates are opening and that there’s going to be a huge wave of buyers like we saw a few years ago. But this does signal there’ll be more activity this year than last.
At least some of the buyers who put their plans on hold over the past few years will jump back in. Whether they’re feeling more confident about moving, they’ve finally saved up enough to buy, or they simply can’t wait any longer – this is the year they’re aiming to take the plunge.
And, according to that same NerdWallet survey, more than half (54%) of those potential buyers have already started looking at homes online.
That’s a good indicator that a number of these buyers will be looking during the peak homebuying season this spring. So, if you find the right agent to make sure your house is prepped, priced, and marketed well, you can get your house in front of them.
Bottom Line
More people are going to move this year, and with the right strategy, you can make sure your house is one of the first they look at.
What do you think these buyers will love most about your house?
Let’s talk it over and make sure it’s front and center in your listing.
