JAY D'ABRAMO
Behind the Sign: Real Stories from Tampa Bay’s Market

Subscribe and receive email notifications of new blog posts.




rss logo RSS Feed
Real Estate | 54 Posts
August
18

Wondering if buyers are still out there?

Short answer: yes—and they're ramping up fast.

Even before the recent drop in mortgage rates, online home searches were heating up. Then, on August 7, rates dipped to 6.55%, and things really started moving. Just a few days later, on August 13, rates dropped again—this time to 6.53%, the lowest level we've seen all year, according to Mortgage News Daily.

And guess what happened? Mortgage applications spiked.

That's not a coincidence. That's buyer momentum picking up—and it's happening right now in Tampa Bay.


Google Search Trends Are the First Clue

Before buyers book a tour or call an agent, they usually start by quietly browsing online. That's why Google Trends data matters—it tells us what people are searching for before they even take action.

In July, search terms like "homes for sale" and "houses for sale" hit a two-year high. That's while mortgage rates were still in the upper 6s. In other words, interest was already building even before the latest dip.

This kind of search activity is typically the first signal that buyer demand is waking up—and that's exactly what we're seeing.


Mortgage Applications Are Rising Too

Here's what happened after the August rate drop:
Mortgage purchase applications went up 1% in one week
They're now 17% higher than the same time last year, according to the Mortgage Bankers Association

That jump tells us buyers are watching rates closely—and when things shift even slightly in their favor, they act.


What This Means If You're Thinking About Selling

Let's keep it real: we're not in a feeding frenzy like 2021. But here's the thing—you don't need a dozen offers to get a great result. You just need the right buyer.

And the right buyer might already be online searching for a home like yours.

With more qualified buyers in the market, here's what you can expect:

  • More showings: A bigger buyer pool means more eyes on your listing

  • Better competition: Even just 2 or 3 serious buyers can spark bidding power

  • Stronger pricing: Motivated buyers tend to move quickly when they see value


How to Make the Most of This Moment

If you're even considering a sale, now's a smart time to prep. Here's where to start:

Request a professional market analysis – Get a clear picture of what your home could sell for in today's market, not six months ago.
Tackle simple updates – Small fixes like fresh paint, new hardware, and landscaping touch-ups go a long way.
Dial in your marketing – With more buyers searching online, your photos, staging, and listing description need to stand out.

The good news? This is all doable, and you don't have to go it alone.


Let's Talk Timing

If you've been waiting for a sign to list your home—this is it.

Rates are lower. Search activity is up. And buyer motivation is real. If your home is priced right and positioned well, it can absolutely stand out in this market.

If you're ready to explore what that looks like, I'm here to walk you through it.

Let's talk strategy and see if now is your moment.

Login to My Homefinder

Pixel