The Buyer's Perspective: Key Takeaways from Housing Market Insights

Though the housing market is no longer experiencing the frenzy of a year ago, buyers are showing their interest in purchasing a home. According to U.S. News:

“Housing markets have cooled slightly, but demand hasn’t disappeared, and in many places remains strong largely due to the shortage of homes on the market.”

That activity can be seen in the latest ShowingTime Showing Index, which is a measure of buyers actively touring available homes (see graph below):

The 62% jump in showings from December to January is one of the largest on record. There were also more showings in January than in any other month since last May. As you can see in the graph, it’s normal for showings to increase early in the year, but the jump this January was larger than usual, and a lot of that has to do with mortgage rates. Michael Lane, VP of Sales and Industry at ShowingTime+explains:

“It’s typical to see a seasonal increase in home showings in January as buyers get ready for the spring market, but a larger increase than any January before after last year’s rapid cooldown is significant. Mortgage rate activity this spring will play a big role in sales activity, but January’s home showings are a positive sign that buyers are getting back out there . . .

It's important to note that mortgage rates hovered in the low 6% range in January, which played a role in the high number of showings. What does this mean? When mortgage rates eased, buyer interest climbed. The jump in home showings early this year makes one thing clear – while rates may be volatile right now, there are interested buyers out there, and when mortgage rates are favorable, they’re ready to make their move. 

Bottom Line

An increase in showing activity in January is a good sign that there are buyers who are eager to purchase a home. If you’re thinking of selling your house, let’s talk so you’re ready when the time is right for you. 

109 Properties
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Open 7/21
593 Crane Prairie WAY Osprey,  FL 34229
$729,000
Neighborhood: Willowbend Ph 4
4
Beds
3
Baths
2,340
Sq.Ft.
2005
Year Built
3
Days on Site
A4617437
MLS
$1,399,999
Neighborhood: Bishops Court At Oaks Preserve
4
Beds
4
Baths
3,541
Sq.Ft.
1997
Year Built
4
Days on Site
G5084149
MLS
$449,900
Neighborhood: Sorrento Shores
3
Beds
2
Baths
1,758
Sq.Ft.
1962
Year Built
4
Days on Site
A4617457
MLS
Open 7/20
280 Hidden Bay Dr #203 Osprey,  FL 34229
3
Beds
2
Baths
1,937
Sq.Ft.
2024
Year Built
5
Days on Site
A4606472
MLS
Open 7/20
280 Hidden Bay Dr #204 Osprey,  FL 34229
3
Beds
2F11/2
Baths
2,166
Sq.Ft.
2024
Year Built
5
Days on Site
A4606470
MLS
Open 7/20
280 Hidden Bay Dr #302 Osprey,  FL 34229
3
Beds
2
Baths
1,937
Sq.Ft.
2024
Year Built
5
Days on Site
A4606463
MLS
Open 7/21
1030 Scherer WAY Osprey,  FL 34229
$925,000
Neighborhood: Rivendell The Woodlands
4
Beds
3
Baths
2,433
Sq.Ft.
2003
Year Built
5
Days on Site
A4617081
MLS
$98,000
Neighborhood: Dry Slips @ Osprey Harbor Village
6
Days on Site
A4617108
MLS
$5,350,000
Neighborhood: Bay Acres - Resub
3
Beds
4F11/2
Baths
4,000
Sq.Ft.
2024
Year Built
6
Days on Site
N6133415
MLS
$429,900
Neighborhood: Bay Acres - Resub
2
Beds
2
Baths
1,346
Sq.Ft.
1963
Year Built
8
Days on Site
A4617047
MLS
Open 7/21
813 Oak Pond Dr Osprey,  FL 34229
$580,000
Neighborhood: Bay Oaks Estates
4
Beds
2
Baths
1,981
Sq.Ft.
1996
Year Built
9
Days on Site
A4616270
MLS
$95,000
Neighborhood: Dry Slips At Bellagio Village
45,244
Sq.Ft. Lot
2006
Year Built
10
Days on Site
A4616812
MLS

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