Now is NOT the Time to Take Your Home Off the Market

Has your house been sitting on the market longer than you expected? I get it—when that happens, it’s easy to feel frustrated and start questioning whether you should take it off the market and wait for 2025. But before you hit pause on your home sale, there are some key reasons why keeping your home listed could actually work in your favor. Let’s dive into why staying the course might be the smarter move for you.

Other Sellers Are Pulling Back—But Should You?

According to recent data from Altos Research, we’re seeing more and more sellers pulling their homes off the market right now. Not too surprising, right? This time of year, the housing market tends to cool off, and some sellers decide to wait it out until after the holidays.

Mike Simonsen, Founder of Altos Research, breaks it down:

". . . 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 In fact, for every two sales, there is another listing withdrawn from the market."

So, should you follow the crowd and do the same? Not so fast. While taking your home off the market might seem like a good idea, it could actually be a missed opportunity. Here’s why this year is different.

Buyers Right Now Are Serious and Ready to Act

One of the biggest reasons to keep your house on the market is that buyers right now aren’t just browsing—they’re serious. These folks have been waiting for the right moment to jump back in, and they’re eager to make a move before the end of the year.

Now that mortgage rates are down a bit from their peak, buyer activity is starting to heat up again. Mortgage applications are on the rise, which means people are gearing up to get those offers in. And because they’ve been waiting on the sidelines for so long, these buyers are more motivated than usual. They’re ready to move quickly, and that’s exactly the kind of buyer you want to attract.

Freddie Mac explains:

“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 listed, you’re positioning yourself to connect with these motivated buyers who are ready to take action now, not later.

Bottom Line

While other sellers might be pulling their homes off the market, this isn’t the time to follow suit. With serious buyers actively searching and eager to make a purchase, you’ve got a golden opportunity to sell. Let’s chat about how we can make the most of this moment and get your home sold!