If you’ve been waiting for the right moment to buy or sell a home, that moment is now. The latest real estate data shows a surge in activity, making this an exciting time for both buyers and sellers. Whether you’re looking to make a move or just exploring your options, here’s what you need to know.
Sellers, This Is Your Time to Shine
Homeowners are seizing the opportunity, and new listings are up 7.6%—the largest year-over-year increase since last summer. Why? Sellers recognize the strong demand and are stepping into the market at the perfect time.
Home prices are rising – The national median sales price has jumped 6% since last year, marking the biggest increase since October 2022.
Consumer confidence is booming – Following the November 2024 election, more people feel secure making big financial moves, including selling their homes.
If you’ve been on the fence about listing, this is your sign—it’s all good news for sellers!
Buyers Are Back and Ready to Act
For buyers, the waiting game is over. The market is shifting, and demand is climbing:
- Mortgage applications are up 18% month-over-month – Buyers are adjusting to current mortgage rates and taking action.
- Pending home sales are rising – More buyers are moving forward with purchases, knowing that waiting could mean higher prices down the road.
If you’ve been waiting for the “perfect time” to buy, consider this your window of opportunity. With more inventory and strong competition, acting now can put you ahead of the curve.
Why This Winter Will Be Busier Than Usual
Unlike the typical seasonal slowdown, this winter is shaping up to be a hot market. Sellers are feeling confident, buyers are highly motivated, and the energy is undeniable. But waiting too long could mean missing out—whether it’s a perfect buyer for your home or a price increase on your dream property.