The time it takes to sell depends on your local market and how well your home is priced and presented. In some hot secondary markets, homes may sell quickly due to high demand, while homes in less competitive areas may take longer. On average, the selling process could take a few weeks to a few months, so preparing your home and pricing it correctly are key​

While waiting for rates to drop might seem appealing, predicting interest rates is difficult. Inventory is still tight, which is keeping prices steady or rising in many areas, despite higher mortgage rates. If your home is in good condition and priced competitively, there may still be demand. Waiting could also risk missing out on current buyer interest if rates continue to rise​

Higher mortgage rates have significantly cooled buyer demand as the cost of borrowing has increased. This has slowed price growth in many areas, but limited housing inventory is still keeping prices elevated. Buyers may have to adjust their expectations or budgets, and sellers might need to be more flexible with pricing to attract buyers in this environment​

While price growth has slowed, especially in high-demand urban areas, we aren’t seeing major price declines yet. Many areas are still experiencing inventory shortages, which keeps prices stable or growing. However, in secondary markets, there may be more opportunities for buyers as demand shifts away from expensive cities.