Press release
Low Temps, High Expectations: Realtor.com® Survey Shows 65% of Prospective Sellers Plan to Enter the Market this Winter
Over one-third of today's sellers expect offers above asking price, but those looking to close quickly may be more willing to compromise than in the Spring
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[{"type":"text","content":"Over one-third of today's sellers expect offers above asking price, but those looking to close quickly may be more willing to compromise than in the Spring\n\n\nSANTA CLARA, Calif., Nov. 11, 2021 /PRNewswire/ -- After sitting on the sidelines as low mortgage rates fueled homebuyer demand and listing price growth throughout the pandemic, the majority of prospective sellers1 are eager to enter the housing market within the next six months, according to a new Realtor.com® Survey released today. Although sellers' expectations for bidding wars and fast-paced sales have only gotten higher since the spring, the potential uptick in new listings offers holiday hope to buyers challenged by the shortage of for-sale homes. \n\n \n \n \n \n \n \n\n \n\"The pandemic has delayed plans for many Americans, and homeowners looking to move on to the next stage of life are no exception. Recent survey data suggests the majority of prospective sellers are actively preparing to enter the market this winter,\" said George Ratiu, Manager of Economic Research for Realtor.com®. \"Buyers should be ready for high asking prices and offer deadlines as seller expectations of the upcoming market are greater than in the spring, but an increase in new sellers could mean some relief from the inventory crunch. In addition, as more homes have entered the for-sale market, price growth has moderated from the spring's double-digit levels to a more approachable 8%-9% range. Seasonality will play a key role in seller activity levels as we approach the typically-slower holiday period, with new listings already slipping in recent weeks. As buyers race against the clock of rising mortgage rates, sellers who price their homes in line with today's market and stick to their plans will likely see their expectations met.\" \nRealtor.com®'s survey of 2,583 consumers, which was conducted online by HarrisX in September-October 2021, found that:\nThe majority of prospective sellers plan to list before the end of the year or in early 2022. \nAmong homeowners who indicated they will enter the market in the next year, 65% expect to within six months, including 19% who have already listed their home. Compared to the spring (76%), more of today's prospective sellers (93%) have already taken steps toward listing their home, including working with an agent (28%). More than one-third of pros...