Why You Should Keep Your House on the Market Right Now

Is your home sitting unsold for longer than you anticipated? It can be frustrating, and you might be tempted to pull your listing and wait for better times in 2025. But hold on a second—taking your house off the market could cost you more than you realize. Let’s explore why staying the course could be the smarter choice.

Many Sellers Are Backing Off—Should You?

Recent data from Altos Research shows a trend: more homeowners are withdrawing their listings from the market. This isn’t unusual as we approach fall, when inventory typically begins to decline. As Mike Simonsen, the Founder of Altos Research, notes:

“We’re seeing a more normal seasonal pattern now, with inventory beginning to decline. We’re also witnessing more home sellers withdrawing their listings to try again next year. In fact, for every two sales, there’s another listing withdrawn from the market.”

But is pulling your home off the market a wise move this year? Let’s break down why it might not be the best idea.

Today’s Buyers Are Serious and Ready to Act

The key reason to keep your home listed right now is that the buyers currently looking are serious about making a purchase. Many of them have been waiting on the sidelines for the right moment, and now that mortgage rates are trending downward, they’re ready to pounce.

Mortgage applications are on the rise, indicating that buyers are gearing up to make their moves. After holding off for so long, these buyers are more eager than usual, which bodes well for you as a seller. Freddie Mac highlights that:

“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 home on the market, you’re more likely to attract these motivated buyers, who are just waiting for the right opportunity to act.

Seasonal Trends: Timing Is Everything

While it's true that the housing market has its ups and downs, timing is crucial. Fall often brings serious buyers looking to close deals before the year ends. When others are pulling back, you can stand out by sticking to your selling plan.

The Advantage of Less Competition

With more sellers choosing to withdraw their listings, you may find yourself in a less crowded market. Fewer homes available means buyers have fewer options, which can work to your advantage. When buyers are serious and the competition is thin, you have a greater chance of attracting attention to your property.

Pricing Strategy: Don’t Miss Out

One of the biggest mistakes you can make is to pull your home off the market without carefully considering your pricing strategy. If your home isn’t selling, it could be an opportunity to reassess and adjust your price. Working with a knowledgeable real estate agent can help you find that sweet spot where your home will be attractive to buyers, even in a shifting market.

The Importance of Professional Guidance

Navigating the housing market can feel like walking through a maze. But with the right support, you can make informed decisions that lead to success. An experienced real estate agent can help you identify trends, refine your pricing, and craft a marketing strategy tailored to your home's unique strengths.

The Bottom Line: Seize the Moment

While many sellers are choosing to take their homes off the market, this may not be the best move for you. With a pool of serious buyers actively looking to purchase, this is an excellent time to keep your home listed.

Let’s connect and ensure you have a solid strategy in place to capitalize on this opportunity. Together, we can work toward achieving your selling goals, making your journey as smooth as possible. Don't miss your chance to attract the eager buyers who are ready to make their move!