The Top Reasons Buyers Are Abandoning Their Home Search

By
Real Estate Agent with Re/Max Masterpiece Realty

There’s no denying that the 2021 real estate market has been frustrating for many buyers—and that frustration is causing some buyers to give up on their home search altogether.

But what is it about today’s market that’s making buyers take a step back from searching for a home?

The Opendoor 2021 Report: Achieving The Dream, which surveyed 850 consumers planning to buy or sell in the next 12 months, the top reasons would-be buyers are pressing pause on their home search include:

  • Uncertainty with COVID-19: 39 percent
  • The market is intimidating: 35 percent
  • There aren’t enough homes on the market: 24 percent

The Takeaway:

So, what does that mean for you? If you’re planning on buying a home in the near future, it’s important to understand the challenges potential buyers are facing in the market. That way, you can prepare yourself to better navigate those challenges—and put yourself in the best position to successfully find and buy your dream home. On the bright side, since a decent percentage of buyers are giving up due to these concerns, you can benefit from less competition if you continue your home search!

 

🏡For answers to your Real Estate questions call

 772-485-4188

 Anna Chroscicki

REMAX Masterpiece

Visit www.annasellsrealestate.com

Comments (2)

Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

In summary ... If you’re planning on buying a home in the near future, it’s important to understand the challenges potential buyers are facing in the market.

Sep 28, 2021 11:34 AM
Jim Patton
Aspire Home Real Estate 209-404-0816 - Modesto, CA
Realtor - Stanislaus ,Merced, San Joaquin Counties

Hi Anna Chroscicki I would think the number one reason in my market is lack of inventory.  Good information, thanks for sharing.

Sep 28, 2021 11:43 AM