The Truth About Today’s Buyer Demand

Dated: September 14 2021

Views: 2

The Truth About Today’s Buyer Demand

The Truth About Today’s Buyer Demand | MyKCM

When it comes to the latest news in real estate, there are a lot of sensational headlines in the media. In times like this, when it can be hard to know what to believe, put your trust in the experts. Those of us in the housing market respect that buying or selling a home is a major life decision, and we offer advice based on what the data shows.

Despite what you may have read, the housing market is still undeniably strong. Here’s a look at what leading experts have to say about buyer demand today and how it continues to shape the industry:

Michael Lane, President at ShowingTime:

“In general, there are definite signs of cooling demand. However, buyer traffic is still at historically high levels compared to pre-pandemic showings.”

Odeta Kushi, Deputy Chief Economist at First American:

“Seasonally adjusted purchase applications tick up slightly to the highest level since July. Demand for homes remains strong and steady. Excluding 2020 (not a good benchmark) purchase applications are the strongest in a decade.” 

Selma Hepp, Deputy Chief Economist at CoreLogic:

Home buyer demand pushed price growth to a new record high in June, with S&P CoreLogic national Case-Shiller Index clocking in an 18.6% year-over-year growth rate. The month-to-month index jumped 2.18%, making it another strong monthly growth, and the fastest May-to-June increase since the data series began.”

What It Means for You

As a seller, buyer demand is an important factor that helps influence how fast your house will sell and how many buyers may be competing for it. When buyers have to compete against each other for a limited supply of available homes, bidding wars can drive prices up. While things have cooled slightly since the peak of the pandemic housing rush, buyer demand is still far surpassing historical norms. That’s why we’re still in a sellers’ market.

Bottom Line

If you’re torn on whether or not you want to sell your home this year, rest assured it’s still a great time to make a move. Let’s connect to discuss how you can sell now and do it on your best terms thanks to today’s buyer demand.

Local Realty Blog Logo

Blog author image

Ryan Braswell

Ryan Braswell is an energetic, knowledgeable, and professional real estate broker. Licensed since 2012 Ryan has seen just about every type of market. His experience and knowledge are guaranteed to he....

Latest Blog Posts

Retirement May Be Changing What You Need in a Home

Retirement May Be Changing What You Need in a HomeThe past year and a half brought about significant life changes for many of us. For some, it meant entering retirement earlier than expected. Recent

Read More

Why a Wave of Foreclosures Is Not on the Way

Why a Wave of Foreclosures Is Not on the WayWith forbearance plans coming to an end, many are concerned the housing market will experience a wave of foreclosures similar to what happened after the

Read More

The Mortgage Process Doesn’t Have To Be Scary [INFOGRAPHIC]

The Mortgage Process Doesn’t Have To Be Scary [INFOGRAPHIC]Some HighlightsApplying for a mortgage is a big step towards homeownership, but it doesn’t need to be one you fear. Here

Read More

Does Your House Have What Buyers Want?

Does Your House Have What Buyers Want?The rise in remote work is changing what many Americans want in their homes. Many companies are choosing to delay reopening or go remote full-time,

Read More
Fair Housing Icon NY Fair Housing Notice