Wood & Angevine Real Estate Team
Broker/Realtor
Realty Executives St. Louis
If your house has been on the market for longer than you anticipated, you're probably feeling frustrated. Maybe you’ve even started considering pulling the listing and waiting to see what 2025 brings. However, holding off on selling might actually cost you in the long run. Here's why staying the course could be a smarter move.
Other Sellers Are Pulling Back. Should You Do the Same?
Recent data from Altos Research shows an increase in sellers pulling their listings from the market, which isn’t surprising for this time of year. As we enter the fall, housing inventory typically dips as some sellers delay their plans until the new year. Mike Simonsen, Founder of Altos Research, explains:
". . . we’re seeing a more normal seasonal pattern now with inventory beginning to decline. We’re also seeing more home sellers withdrawing their listings to try again next year. In fact, for every two sales, there is another listing withdrawn from the market."
While you might be tempted to follow suit, pulling your listing could be a mistake. Here’s why sticking with your plan to sell could benefit you this year.
Today’s Buyers Are Serious and Ready To Act
One of the main reasons to keep your home on the market is that buyers searching at this time of year tend to be highly motivated. These buyers have been waiting for more favorable conditions, and now that mortgage rates have dipped from their recent highs, they’re ready to act.
In fact, mortgage applications are rising, a strong indicator that buyers are preparing to jump back into the market. After waiting for so long, they’re more eager to purchase than usual, and these aren’t casual lookers — they’re serious buyers. As Freddie Mac notes:
“During the fall months, serious homebuyers are eager to settle into a new home before the holiday season ramps up and the winter weather begins.”
By keeping your listing active, you increase your chances of attracting these motivated buyers who are ready to make a move quickly.
Bottom Line
While some sellers are choosing to take their homes off the market, this may not be the best strategy. With serious buyers eager to buy before the year’s end, now is a great time to sell your home. Let’s connect and create a strategy that will help you succeed in this market.
