Real Estate Agent with One Sothebys International Realty

Are you putting off selling your house because you’re worried no one’s buying because of where mortgage rates are? If so, know this: the latest data shows plenty of buyers are still out there, and they’re purchasing homes today. Here’s the data to prove it.

The ShowingTime Showing Index is a measure of buyers touring homes. The graph below uses the latest numbers available and compares them to the same month in the last normal years to show just how active today’s buyers still are:

As you can see, when June 2023 numbers are stacked alongside what’s typical for the housing market at this time of year, it's clear buyers are still active. And, they’re actually a lot more active than the norm.

If you’re wondering how this could possibly be true, it’s because buyers are getting used to higher mortgage rates and accepting them as the new reality. As Danielle Hale, Chief Economist, Realtor.comexplains:

“Interest rate hikes continue to further cut into buyers' purchasing power, although they appear to have adapted to the higher mortgage rate environment . . .”

It’s simple. Buyers will always need to buy, and those who can afford to move at today’s rates are going to do so.

The Key Takeaway for You

While it’s true things have slowed down from the frenzy of the last couple of years, it doesn’t mean today’s market is at a standstill. The reality is: buyer traffic is still strong today. Even with today’s mortgage rates, plenty of buyers are still making their moves. So why delay your own move when there’s clearly a market for your house?

Bottom Line

Don’t put off your plans because you’re worried no one will buy your home. The opposite is true, and more buyers are more active than the norm. Let’s connect to get your house ready to sell, so it makes the best first impression possible on those eager buyers.

Posted by

 Your blingual residential real estate guide. Certified Probate Real Estate Specialist (CPRES) and Certified Distressed Property Expert (CDPE).  Serving Pembroke Pines, Fl.  and surrounding communities.   

Dalia Kibby, PA
  Direct 954-610-7864| email me
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If you are Buying, Selling or Relocating to the South FLorida area and need help from a professional REALTOR®, I would be happy to assist you! I also work with  estate Executers, Personal Representatives and Administrators .     Please visit my website for property searches, to sign up for free listing alerts and other information.   


Comments (7)

Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Dalia and thank you for sharing this great information here in the Rains.  Make it a great Wednesday.

Aug 30, 2023 08:53 AM
Jim Paulson
Progressive Realty (Boise Idaho) - Boise, ID

I know interest has picked up here in Boise, Idaho as well.  One major concern that I have is that Zcompany bought them for $500 million giving them yet more data points on the market compliments of our industry giving them the data.

Aug 30, 2023 09:54 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

DALIA KIBBY the slow down in the housing market here in CT is not do to Buyers lack of desire to purchase a home.  It is because of very low inventory.  The desire to purchase is strong and so would be home sales if inventory increased.

Aug 30, 2023 02:09 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Hi Dalia,

Good post on the index of buyers touring properties. It is active, but that is touring if I'm reading right not purchasing. They are out looking but are not going to settle...they want a great house if they are going to spend the bucks! 

Aug 30, 2023 06:24 PM
Marte Cliff

Dorie Dillard Austin TX That was my thought as well. They could be touring properties as recreation. Money is tight and that's cheap entertainment!

That may not be fair of me - they might actually be looking for a home. But in the meantime - buying would be a better measure of the market than touring.  

Sep 01, 2023 09:05 PM
Paddy Deighan MBA JD PhD - Vail, CO
Paddy Deighan J.D. Ph.D

Yay!! Some good news!! Enjoy the Labor Day weekend!! 

Aug 31, 2023 02:36 PM
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

Dalia - my concern, as I mentioned in the response to Dorie Dillard's comment, is that they're looking but not buying.

The difference in house payments between 4% and 7% is huge - and it is putting plenty of people out of the running to buy a house.

Sep 01, 2023 09:07 PM
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

DALIA KIBBY I have to agree that buyers are still out there ... and from my perspective they are still buying, not just touring.  Quick example.  I listed a house yesterday -- showed to 3 of my buyers and all three (3) wrote an offer as did 4 of the other 6 agents who showed.  Seller accepted an offer last night.  So another proof the buyers are ready, willing and able.  Listed and Sold in 1 day!

Sep 09, 2023 12:39 PM