Here’s how COVID is affecting our market these days.
I’m sharing an update on how the health crisis is affecting the real estate market, as I haven’t touched on this topic in a while.
It’s certainly still a hot seller’s market, and I get asked all the time why that is. It’s because people are always looking to buy—they need to move for their jobs or they realize their needs have changed. These days we’re seeing many people deciding they want to live closer to family, need a larger house with an office, or want a bigger yard for kids to play in while stuck at home. This is driving more traffic to our properties, and multiple-offer situations are typical. Interest rates are below 3%, and all this is keeping our market very busy.
I’ve also been asked what will happen if we have another huge lockdown period. I honestly believe everything will be just fine in the market if more lockdowns occur. We’ve learned the best techniques to sell homes safely; we wear masks, gloves, wipe everything down before and after showings, and people have learned this may be the new standard for a while. We’ve learned how to successfully work from home, and buyers are sometimes buying houses without even seeing them in person.
If you have any questions or want to know what your property is worth in today’s market, feel free to give me a call or send an email. I look forward to speaking with you soon.