Despite Higher Mortgage Rates, Buyer Activity Shows an Uptick

Dated: May 3 2023

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Despite Higher Mortgage Rates, Buyer Activity Shows an Uptick

Are you a homeowner in North San Antonio, specifically in the Champions Ridge or Stone Oak neighborhoods, and considering selling your house? You may be wondering if now is a good time to sell, especially with the recent increase in mortgage rates. The good news is that buyer traffic is actually picking up speed, indicating that buyers are actively looking for homes in the area.

Data from the latest ShowingTime Showing Index shows that the first two months of 2023 saw a noticeable increase in buyer traffic. This is likely due to the limited number of homes for sale, which kept shoppers looking for homes even during colder months. When we compare February 2023 with the more normal, pre-pandemic years, data shows that this year still marks a clear rise in buyer activity.

Even with the increase in mortgage rates, more buyers are looking for a home in the area. This is great news if you're thinking about selling your house in Champions Ridge or Stone Oak. It's a sign that buyers are out there and could be looking for a home just like yours.

Jeff Tucker, Senior Economist at Zillow, says that the increased buyer activity could continue throughout the year. "More buyers will keep coming out of the woodwork. We always see a seasonal uptick in home shoppers in March and April . . ."

If you're ready to sell your house, partnering with a real estate professional can help you get your home in front of eager buyers today. As a local real estate agent in San Antonio Tx, I can provide you with a personalized home valuation to help you determine the best time to sell your house.

By scheduling a call through the link https://calendly.com/david-a-beere, we can discuss the current market conditions and create a strategy to sell your home for the best price possible. You can also click HERE to get your home valuation.

In summary, rising foot traffic is a positive sign for the housing market in Champions Ridge and Stone Oak, and it indicates that buyers are still active in the market. If you're ready to sell your house, partnering with a local real estate professional can help you take advantage of this opportunity and get your home sold quickly and for the best price possible.

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David Beere

Sell Your Home for Top Dollar in Less Time with David BeereWhen it comes to selling homes quickly and profitably in San Antonio, Austin, New Braunfels, and surrounding areas, David Beere with Texas Pr....

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