Airpods and Instapots aren’t the only popular items in the marketplace right now.
Each month, ShowingTime releases their Showing Index, which tracks the average number of appointments received on active U.S. house listings. The latest index revealed:
“Traffic was more active once again compared to 2018, as the nation saw its third straight month of higher year-over-year showing activity…The 5.5% increase in showings nationwide was the largest jump in activity during the now three-month streak of year-over-year increases vs. 2018.”
The same report indicates showings increased in every region of the country:
- The South increased by 10.8%
- The West increased by 8.6%
- The Northeast increased by 3.8%
- The Midwest increased by 1.5%
Why is the traffic more active?
One of the main reasons buyer traffic has increased year-over-year is that mortgage rates have fallen dramatically. According to Freddie Mac, the average mortgage rate last December was 4.64%. Today, the rate is almost a full percentage point lower!
There are first-time, move-up, and move-down buyers actively looking for the home of their dreams this winter. If you’re thinking of selling your house in 2020, you don’t need to wait until the spring to do it. Your potential buyer may be searching for a home in your neighborhood right now.
We’ve had seven properties close over the last few weeks and are projecting a strong start to 2020. In the last few days, we’ve listed a property and been out with buyers.
This is all at a time when those who claim to know “a little something about real estate” say it’s not the time to buy or sell.
If you’re thinking about making a change in 2020, but aren’t sure what your chances are for success, please contact us. We’re always happy to meet and discuss options. Please call 508-568-8191 or email us at [email protected] Thanks.
We’re very grateful for another successful year helping buyers and sellers reach their goals. We’ve met many wonderful people; some of whom have become fast friends.
This is our business, not a hobby, or a something we do part-time to make a little extra cash for vacation. Because of that, we take every opportunity very seriously. We work as hard as we can to be sure that each individual or family that decides to “make their move with Mari” receives the best and most honest advice available. Our goal is to put our clients in the strongest position to succeed, whether buying their first home or downsizing after the kids have moved out.
We sincerely thank you for your trust and friendship.
Wishing you safe travels and fond memories…
Mari and Hank