After several years of strong gains, early 2020 started off with a bang with endless buyer demand and rising real estate sales prices! And then came COVID-19!
Sales were stronger than ever through March with the number of home sales continuing to rise year after year:
Sales prices were also headed way up, even well above the rising prices of the recent years:
Unfortunately, due to the quickly spreading coronavirus, the state shut down at the end of March. While real estate has been deemed an essential activity, few are prepared to list their homes, shop for homes or assist the remaining buyers and sellers. Buyers employment situations, as well as their access to funding is also uncertain. How this will all affect to market in the coming months is still to be seen, but it's certainly not looking great right now.
Last Updated on April 8, 2020 by Minna Reid