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According to local MLS data, as of June 30, there has been a 28 percent increase in sales since the low point in April.
There were more closed transactions in June than in March prior to initial COVID-19 related closures. Low inventories in key price points combined with low interest rates are key elements of the current housing market.
One interesting emerging pattern is the decrease in the number of properties buyers are viewing and/or engaging with prior to making an offer. As realtors, we hope this trend will stay with us. For the full story and more insight, click here.
– Marty Brantley, Engel & Völkers