Market Peek April 2020

WOW!!!! The pandemic is here and it has had a significant effect on the real estate market. Everything that was trending toward a little more inventory and a flurry of Spring activity has turned. With Active Listings down almost 16% and new listings down 37%, we can clearly see that Sellers have applied the brakes to any thought of diving in to this craziness.

Closed listings also saw a BIG drop reflecting the fear most buyers had in March. Hard to know what’s coming as this Corona Virus thing may ROCK the real estate world. Stay tuned, right?