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. 

110 Properties
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$895,000
Neighborhood: South Creek
3
Beds
2
Baths
2,837
Sq.Ft.
1998
Year Built
2
Days on Site
A4607404
MLS
$250,000
Neighborhood: Pine Run Ii
2
Beds
2
Baths
1,325
Sq.Ft.
1979
Year Built
3
Days on Site
A4604037
MLS
$1,050,000
Neighborhood: Baypointe Vista 1
3
Beds
3
Baths
2,100
Sq.Ft.
1997
Year Built
7
Days on Site
A4606868
MLS
$292,000
Neighborhood: Pine Run Ii
2
Beds
2
Baths
1,223
Sq.Ft.
1979
Year Built
8
Days on Site
A4606661
MLS
$585,000
Neighborhood: Sorrento Villas 1
2
Beds
2
Baths
1,411
Sq.Ft.
1967
Year Built
9
Days on Site
A4605847
MLS
$1,340,000
Neighborhood: Meridian At The Oaks Preserve
3
Beds
3
Baths
2,680
Sq.Ft.
2006
Year Built
9
Days on Site
A4604118
MLS
Open 4/21
280 Hidden Bay Dr #203 Osprey,  FL 34229
3
Beds
2
Baths
1,937
Sq.Ft.
2023
Year Built
10
Days on Site
A4606472
MLS
Open 4/21
280 Hidden Bay Dr #302 Osprey,  FL 34229
3
Beds
2
Baths
1,937
Sq.Ft.
2023
Year Built
10
Days on Site
A4606463
MLS
Open 4/21
280 Hidden Bay Dr #204 Osprey,  FL 34229
3
Beds
2F11/2
Baths
2,166
Sq.Ft.
2023
Year Built
10
Days on Site
A4606470
MLS
Open 4/19
140 N Casey Key Rd Osprey,  FL 34229
$3,400,000
Neighborhood: Acreage & Unrec
3
Beds
3F11/2
Baths
2,473
Sq.Ft.
1985
Year Built
15
Days on Site
T3505796
MLS
$965,000
Neighborhood: Southbay Yacht & Racquet Club
3
Beds
2
Baths
2,015
Sq.Ft.
1986
Year Built
17
Days on Site
A4605059
MLS
$720,000
Neighborhood: Bishopscourt Townhomes
2
Beds
2F11/2
Baths
1,890
Sq.Ft.
1984
Year Built
17
Days on Site
A4604767
MLS

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