Here’s what our market looks like this summer in the wake of COVID-19.
Again and again, people ask me how the real estate market is being impacted by COVID-19, so in today’s summer market update, I’ll give you all the latest details. Our current recession has been subjected to comparisons with the recession back in 2008, but there are key differences. For one, our recession has been caused by a health crisis; the Great Recession was caused by a housing crisis. In the first part of March, home showings (the leading indicator for home sales) fell sharply for 3.5 weeks before skyrocketing in the second week of April. To find out more about what our market conditions mean for buyers and sellers, watch the short video above.