• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Live the Flagstaff Life

Live the Flagstaff Life

Flagstaff Lifestyle and Real Estate

  • Homepage
  • Blog
  • Flagstaff Events
  • Get Started
    • Buyers
    • Request a Buyer’s Guide
    • Request a Seller’s Guide
    • Instant Home Value
  • Vacation Rentals
  • About Me
    • An Interview With Katannya
    • Contact
    • Privacy Policy
    • Terms and Conditions

Will My House Still Sell in Today’s Market?

September 19, 2022 by Katannya Hartwell Leave a Comment

Share
Email
Share
Pin
Tweet

If recent headlines about the housing market cooling and buyer demand moderating have you worried you’ve missed your chance to sell, here’s what you need to know. Buyer demand hasn’t disappeared, it’s just eased from the peak intensity we saw over the past two years.

Buyer Demand Then and Now

During the pandemic, mortgage rates hit record lows, and that spurred a significant rise in buyer demand. This year, as rates increased due to factors like rising inflation, buyer demand pulled back or softened as a result. The latest data from ShowingTime confirms this trend (see graph below):

Will My House Still Sell in Today’s Market? | Simplifying The Market

The orange bars in the graph above represent the last few months of data and the clear cooldown in the volume of home showings the market has seen since mortgage rates started to rise. But context is important. To get the full picture of where today’s demand stands, let’s look at the July data for the past six years (see graph below):

Will My House Still Sell in Today’s Market? | Simplifying The Market

This second visual makes it clear that, while moderating compared to the frenzy in 2020 and 2021, showing activity is still beating pre-pandemic levels – and those pre-pandemic years were great years for the housing market. That goes to show there’s still demand if you sell your house today.

What That Means for You When You Sell

The key to selling in a changing market is understanding where the housing market is now. It’s not the same market we had last year or even earlier this year, but that doesn’t mean the opportunity to sell has passed.

While things have cooled a bit, it’s still a sellers’ market. If you work with a trusted local expert to price your house at the current market value, the demand is still there, and it should sell quickly. According to a recent survey from realtor.com, 92% of homeowners who sold in August reported being satisfied with the outcome of their sale.

Bottom Line

Buyer demand hasn’t disappeared, it’s just moderated this year. If you’re ready to sell your house today, let’s connect so you have expert insights on how the market has shifted and how to plan accordingly for your sale.

Filed Under: Real Estate Tagged With: Flagstaff Az Realtor, Flagstaff Realtor, Real Estate in Flagstaff Arizona, Real Estate in Flagstaff Az

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

Stay Up To Date

Sign up to receive free market updates from Live the Flagstaff Life

Search

Footer

Katannya Hartwell
REALTOR®

Connect with me on:

  • Facebook
  • Instagram
  • Twitter
  • YouTube
  • The Kingswood
  • Flagstaff Golf Communities

Copyright © 2023 · Agent Focused Pro by Winning Agent · Log in

Village Land Shoppe | Privacy Policy | Terms of Conditions