Exploring the Resilience of Homebuyer Activity in the Face of Higher Mortgage Rates

If you're a homeowner considering selling your house, you may be wondering if now is still a good time to do so despite the recent rise in mortgage rates. Fortunately, there's good news - buyer activity is on the rise despite the higher rates. According to the latest ShowingTime Showing Index, which measures active home buyers, there has been a noticeable increase in buyer traffic in the first two months of 2023. This is likely due to the limited number of homes for sale keeping shoppers on the lookout even during colder months.

To put the latest report in perspective, let's compare foot traffic in February 2023 with each February over the last six years. The graph shows that this year's February had some of the highest buyer activity in recent memory, even compared to the most active years of 2021 and 2022. The rise in buyer activity is even more impressive when you consider the increase in mortgage rates during February 2023.

Despite the higher rates, more buyers were still looking for a home. Senior Economist at Zillow, Jeff Tucker, suggests that this trend could continue with more buyers coming out of the woodwork in March and April. If you're thinking about selling your home, this increased buyer activity is encouraging news, indicating that there are buyers in the market looking for homes like yours. Working with a real estate professional to list your house now can help get your home in front of eager buyers today.

In summary

The uptick in buyer activity is a positive sign for the 2023 housing market. Despite higher mortgage rates, buyers are still actively looking for homes to purchase. If you're ready to sell your house, now may be the perfect time to do so, as there are eager buyers out there waiting to find their dream home.

686 Properties
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$384,900
Neighborhood: Punta Gorda Isles
3
Beds
2
Baths
1,971
Sq.Ft.
2024
Year Built
2
Days on Site
O6116202
MLS
Pre-Construction. To be built. Brand new builder owned 3/2 spec home with estimated completion date of March 2024. CBS construction with full builder warranties. Terrific plan with full builder...
$450,000
Neighborhood: Waterford Estates Ph 2B & 2C
4
Beds
2
Baths
1,812
Sq.Ft.
2020
Year Built
2
Days on Site
C7461658
MLS
This two year old home was built to recent strict construction standards. A 2% closing cost credit goes a long way in buying down the interest rate! This true 4 bedroom house is in a gated...
$535,000
Neighborhood: Esplanade/Burnt Store Marina P
3
Beds
3
Baths
2,147
Sq.Ft.
2006
Year Built
2
Days on Site
C7476188
MLS
Looking for the perfect pentahouse with a water/golf course view, this spectacular fourth floor property has it. This huge lanai can be entered via the master bedroom as well as the great room. This...
$274,000
Neighborhood: Harbor Towers At Burnt Store
2
Beds
2
Baths
809
Sq.Ft.
2000
Year Built
2
Days on Site
C7476235
MLS
Whether you are a first time buyer looking for a starter in the marina or a seasoned investor looking for a new venture this unit awaits your arrival. THIS UNIT IS TURN KEY! Split floor plan allows a...
$479,000
Neighborhood: Bella Lago/Vivante Xviii
2
Beds
2
Baths
1,595
Sq.Ft.
2006
Year Built
3
Days on Site
C7476129
MLS
When you walk into this condo, you might feel you're entering another era it is, throughout, a thoroughly modern home, but the aura is undeniably art deco. White, silver grey and black decorations...
$189,900
Neighborhood: Pines At Deep Creek 02 Ph 02 B
2
Beds
2
Baths
860
Sq.Ft.
1990
Year Built
3
Days on Site
C7476416
MLS
1rst Floor, Turn Key, lake front condo. Great for investors as well as owners. Rentals just have to be more than 30 days. This unit has newer A/C in 2022. Both bedrooms have new laminate/vinyl...
$1,099,000
Neighborhood: Shell Creek
3
Beds
3
Baths
3,385
Sq.Ft.
1996
Year Built
3
Days on Site
C7476421
MLS
Stunning REMODELED Waterfront Estate Pool Home on 10 +/- Acres awaits new owners! Mere minutes to Downtown Punta Gorda, this location is sublime! Meander through the oaks down the gated paved...
$1,490,000
Neighborhood: Punta Gorda Isles Sec 14
3
Beds
2
Baths
2,059
Sq.Ft.
1999
Year Built
3
Days on Site
C7476200
MLS
Location, location, location! Punta Gorda Isles sailboat waterfront home with 97 feet of seawall and a 60 foot dock with water and electric on a quiet cul-de-sac street with fantastic wide canal...
$399,900
Neighborhood: Punta Gorda Isles Sec 20
3
Beds
2
Baths
1,756
Sq.Ft.
1989
Year Built
3
Days on Site
C7476331
MLS
Wonderful 3 bedroom, 2 bath Pool Home with great curb appeal in desirable Deep Creek on city water and sewer. This floor plan is perfect for entertaining friends and family. As you enter into the...
$474,900
Neighborhood: Punta Corda Isles Sec 18
3
Beds
2F11/2
Baths
1,830
Sq.Ft.
1992
Year Built
3
Days on Site
C7476424
MLS
Impressive 3 Bedroom, 2.5 Bathroom POOL HOME with attached 2 Car Garage. Located just before the cul-de-sac on a quiet street in the desirable deed restricted community of BURNT STORE MEADOWS. Not in...
$380,000
Neighborhood: Punta Gorda Isles Sec 21
3
Beds
2
Baths
2,216
Sq.Ft.
2006
Year Built
4
Days on Site
C7476355
MLS
This is THE HOME you are looking to buy as it is in Beautiful BURNT STORE LAKES, which belongs to a Deed Restrictive Community in Punta Gorda, just north of the developing city of NW Cape Coral. Just...
$336,685
Neighborhood: Burnt Store Village
4
Beds
2
Baths
1,828
Sq.Ft.
2023
Year Built
4
Days on Site
N6127148
MLS
Under Construction. Welcome to Burnt Store Village. Available now is our beautifully designed Cali C floor plan at 1828 sq ft This home features our new plank tile throughout except the bedrooms...

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