Why Now’s Not the Time to Take Your House Off the Market in Chattanooga
Has your Chattanooga home been sitting on the market longer than you’d hoped? It’s natural to feel frustrated, and you might even be thinking of taking it off the market to wait and see what 2025 brings. However, pulling back now could actually end up costing you. Here’s why sticking with your listing could be the smarter choice this season.
Other Sellers Are Pulling Back – Should You Follow?
Recent data from Altos Research shows a rise in listing withdrawals as more sellers opt to wait for the new year. This seasonal trend isn’t unusual, especially as we move into fall, when inventory levels traditionally drop.
Mike Simonsen, Founder of Altos Research, points out:
“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 In fact, for every two sales, another listing is withdrawn from the market.”
So, should you follow suit? While it might seem tempting, waiting may not be the best move this year. Here’s why.
Today’s Buyers Are Serious and Ready to Act
A key reason to keep your home on the market is the buyers you’ll attract right now. Those searching during this time of year are often highly motivated and ready to make a purchase.
With mortgage rates down from recent peaks, buyers who’ve been waiting for better affordability are ready to jump back in. Mortgage application activity is rising, indicating buyers are prepared to act. These are not casual shoppers; they’re serious buyers eager to settle into a new home before the holiday season and winter weather set in.
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 home on the market, you’re more likely to attract these motivated buyers who are ready to move quickly.
Bottom Line
While some sellers are choosing to take their homes off the market, this might not be the best choice for you. Serious buyers are out there, and this season could be a great time to make a successful sale. Contact Lawrence Team Homes today, and let’s work together to create a strategy to help you achieve your real estate goals in Chattanooga.
