Early 2023 market activity is showing signs that active buyers are eager to become homeowners.
US News reports:
“Housing markets have cooled slightly, but demand hasn’t disappeared, and in many places remains strong largely due to the shortage of homes on the market.”
A significant jump of over 60% in showings from December to January is one of the largest on record. After 2022’s market cooldown, this indicates a positive sign that buyers are out shopping.
Mortgage interest rates may be volatile now. Yet while rates hovered in the low 6% range in January, this had buyer interest climbing earlier in the year than usual.
The good news for home sellers is that buyers are perhaps motivated to buy sooner than later. Now may be the time to get a home listed, to get a jump ahead of the spring market.
