Blog > More Buyers Are Making Moves — Is It Time To Sell in Connecticut?
More Buyers Are Making Moves — Is It Time To Sell in Connecticut?
More people in Connecticut are taking steps to buy a home. If you’ve been waiting for the right time to move, this may be the sign you’ve been looking for.
For the past few years, many would-be homebuyers in Connecticut put their plans on hold due to rising mortgage rates and affordability concerns. But now, more buyers are getting back into the market. They’re adjusting to current conditions, especially as forecasts indicate mortgage rates may be stabilizing. According to the National Association of REALTORS® (NAR):
“Home buyers seem to be getting over the shock of mortgage rates in the mid- to upper-6% range.”
This shift benefits Connecticut sellers. While we may not see a flood of buyers all at once, motivated buyers are resuming their home searches. Here’s the data to back it up.
3 Signs Buyers Are Ready To Make Their Move
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Mortgage Applications Are Rising: The Mortgage Bankers Association (MBA) reports a 37% increase in mortgage applications since the start of the year. This signals that more buyers are securing financing and preparing to make offers.
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Buyer Demand Is Picking Up: Redfin’s Homebuyer Demand Index has risen 3% since late January, showing that more buyers are actively searching for homes.
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More Home Showings in Connecticut: Data from ShowingTime indicates that home showings are up 13% since the beginning of the year. Increased foot traffic means more potential buyers are out viewing homes—great news if you’re looking to sell.
Why Now Is a Great Time to List Your Home in Connecticut
Connecticut’s spring market is historically one of the busiest times for buying and selling. The combination of increasing buyer activity and low housing inventory means now is a great time to list your home before competition picks up. Whether you’re in Hartford, Fairfield County, or the shoreline communities, demand is rising.
Bottom Line
With buyers re-entering the market, you have a prime opportunity to sell your home in Connecticut. The uptick in buyer activity is something you’ll want to capitalize on. To ensure your home stands out and attracts motivated buyers, connect with a local real estate expert.
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