In recent years, high interest rates and rising home prices have caused many potential buyers to delay their plans. However, more and more people are now returning to the housing market. With mortgage rates stabilizing, buyers who had previously paused are now starting to take action.
The National Association of Realtors (NAR) has stated, "Buyers are adjusting to mortgage rates in the high 6% range," and they believe that high rates will no longer be a major barrier to home purchases. As the market gains momentum again, this could be a great opportunity for those looking to sell.
3 Signs That the Housing Market Is Picking Up Again
Increase in Mortgage Applications
According to the Mortgage Bankers Association (MBA), mortgage applications have increased by 37% since the beginning of 2024. This indicates that more people are applying for loans to purchase homes, signaling that buyers are now seriously preparing to buy. This means the market is seeing more committed buyers.
Recovery in Buyer Demand
According to Redfin's Homebuyer Demand Index, demand increased by 3% since the start of 2025. While a 3% increase may not seem huge, it’s a sign that the market is gaining momentum again. An increase in buyers means more opportunities for those looking to sell their homes.
Increase in Home Showings
Data from ShowingTime shows that home showings have increased by 13% since early 2025. This means more people are actively going to see homes in person. As home showings increase, there's a higher chance of attracting more potential buyers, which in turn increases the likelihood of receiving more offers.
If you were planning to sell your home, now could be a great opportunity. If you plan to sell this year, it’s recommended to consult with a real estate expert to determine the current market value of your home and strategize accordingly for the best possible outcome.
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