As we have always said, real estate is local. Here are the stats for our local real estate market since the very beginning of the Covid-19 lockdown. The analysis of the market, which is one of the most important things we provide our clients, indicates the following:
New listings are down by .574%, pendings (under contract) are down by 1.4% and closings are down by 1.3%. And the decline in showings has bottomed up and is now equal to this same time last yearThat is in essence excellent news! We are not seeing the 25% or more declines in the market that some parts of the country are.... real estate is local! This is every encouraging news.... what these reports do not show is the decline in current inventory ... for the entire GBR MLS area, we are down by over 1000 properties.
What does this mean to you? If you are considering selling your home in the next 6 months, now is the time to go to market ... properties are going under contract, inventory is lower than normal this time of year ... seize the day! Let us help you get your house ready for the market during this lockdown and hit the market as soon as possible to capture the buyers who are looking on line today ... and waiting for the all clear!
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